2 Bed Terraced House For Sale Portman Street, Middlesbrough, TS1

£90,000- Terraced

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Last Updated: 29th June 2024

Description

This is a good-sized 2 bedroom terrace a very the central and popular part of Middlesbrough. Currently let at £575 pcm to a fully-referenced tenant, a 7.6% yield at the asking price, this investment property comes with professional management in place and the benefit of an underwritten rent guarantee for up to 15 months of rent (full details available on request from the agent).

Entering the house along a welcoming hallway you will turn left into the spacious living/diner room. Currently set up with a lounge space to the front and a hobby space to the rear with is a great sized room with new UPVC double glazing.

At the rear is a good sized fitted kitchen with boiler, electric hob and oven and modern worktops with base units.

Upstairs is the family bathroom with bath and over head shower, glass screen, basin and low level WC. With a towel radiator for heat and new double glazed obscured glass windows.

At the front of the house is a spacious double bedroom which is light and airy creating a welcoming relaxing aura. New windows and carpets.

The second room is another double facing the rear of the property. Currently used as a spare room it is large enough for a double bed and wardrobe. Again, there is a double glazed window and the floor is carpeted.

Externally is a nice rear yard that has been gravelled with a beamed awning creating a great outdoor space for an evening drink. With gates to the rear alley.



Council Tax Band: A
Tenure: Freehold
Agent Details
Castle Homes
1 Lingfield Close, Darlington, DL1 1YG

Investment Analysis

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Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested