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57 Gilkes Street, Middlesbrough TS1 5EL

Stowe Street, Middlesbrough, TS1 4ND

Fixed Price £75,000Freehold

212
Map

Key Information

Tenure:Freehold
Council tax band:Not available
Broadband:up to 1000Mbps
Mobile signal:*Based on indoor data coverage
EEO2ThreeVodafone

Key Features

No Onward Chain!
Two Reception Rooms
Perfect Investment Opportunity
4 Bed HMO Conversion Opportunity
Available Vacant Upon Completion
Tenants in Situ (Fixed term Until August 2024)
GCH & Double Glazing
HMO Income £21840 PA
Refurbishment and Management Via Horizon
Buyers Premium Fee Applicable of £5,000+VAT

Description

HMO Conversion Opportunity for sale with NO ONWARD CHAIN!

A well-presented two-bedroom terraced property situated in Middlesbrough, which is available to the market with the bonus of no onward chain! In brief the accommodation comprises: Entrance hallway, bay fronted lounge, second reception room, fitted contemporary kitchen, bathroom and two generously sized bedrooms to the first floor. External to rear of the property there is an enclosed yard.

The property can be sold with tenants in situ or vacant (tenancy term ends in August 2024).

This property is available vacant and would make a great HMO Conversion Opportunity. Post refurbishment you would be looking to achieve £21,840 PA (£1820 pcm). After mortgage and holding costs this would equate to a Profit annually of £15,284 PA (£1274pcm).

This represents a Net ROI of 62% therefore making it perfectly suited for an investor!

Buyers fees are applicable: £5,000 plus VAT.

Please note: This property can be available Vacant upon Completion and is ideal for a 4 bedroom en-suite HMO conversion. Horizon Property Services have priced the refurb if required

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Full Name
Email Address
Telephone
Ayresome Primary School
(0.15 miles)
Number of pupils: 757
Age Range: 2 - 11
Sacred Heart Primary School
(0.33 miles)
Number of pupils: 310
Age Range: 3 - 11
Newport Primary School
(0.37 miles)
Good
Number of pupils: 322
Age Range: 3 - 11
Abingdon Primary School
(0.52 miles)
Good
Number of pupils: 538
Age Range: 2 - 11
Archibald Primary School
(0.68 miles)
Number of pupils: 501
Age Range: 2 - 11
Outwood Academy Riverside
(0.69 miles)
Number of pupils: 95
Age Range: 11 - 16
Linthorpe Community Primary School
(0.79 miles)
Number of pupils: 720
Age Range: 2 - 11
St Edward's Catholic Primary School
(0.83 miles)
Number of pupils: 423
Age Range: 3 - 11
Breckon Hill Primary School
(0.84 miles)
Good
Number of pupils: 573
Age Range: 2 - 11
Macmillan Academy
(0.88 miles)
Good
Number of pupils: 1567
Age Range: 11 - 19

Property Calculators

Property Value (£)
Deposit (£) 10.00%
Duration (Years)
Interest Rate (%)

Mortgage

Estimated Monthly Mortgage Payment:
£395 /mo.
25 Years, 5% Interest
Loan
£67,500
Total Repay
£118,379

Stamp Duty

You’ll have to pay the stamp duty of:
£0

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