Terraced house for sale in The Village, Marton-In-Cleveland, Middlesbrough TS7

The Village, Marton-In-Cleveland, Middlesbrough

Superb 9 bedroom HMO split across two buildings offered with an impressive return in the region of 8% net! Well established fully occupied HMO, finished to an excellent specification and tenanted for immediate income.

Yieldit are delighted to introduce this 9 bedroom, fully licensed HMO to the market that is spread across three floors and presented to an impressive standard throughout. The detached property contains 8 spacious double bedrooms, all with their own ensuite shower room, an additional box room currently utilised as an office, fully-fitted kitchen with appliances and utility room. In the enclosed communal garden is an additional building which contains a one bedroom apartment. To the front of the property is off road parking for up to eight vehicles.

The Village is ideally situated in the desirable village of Marton-in-Cleveland, an area of Middlesbrough, North Yorkshire. With a wide range of amenities within easy reach including Stewart Park, Marton Shopping Parade, several public houses, football & cricket clubs and the multi-million pound Middlesbrough Sports Village.

With the North Pennines right on its doorstep, this property couldn't be in a more beautiful location, perfect for those who enjoy long country walks and amazing views! This property is also ideally located within the commuter belt for both Durham and Newcastle city centres, being only a 30 minute drive away from either one, meaning that there will always be plenty of interest from tenants working in both cities looking for a cheaper rental price whist still being close enough to enjoy everything that both cities have to offer.

Financial Breakdown

Gross Rent: £58,860.00
Net income: £38,956.08
Gross yield: 13.08%
Net yield: 8.66%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-07735