Summary - 21 FIFE STREET MIDDLESBROUGH TS1 2EE
4 bed 1 bath Terraced
Affordable freehold near university with immediate rental income and renovation upside.
- Four bedrooms and period bay window to front aspect
- Generates approximately £900 per calendar month income
- Double glazing and mains gas central heating present
- Single three-piece bathroom for four bedrooms
- Solid brick walls, assumed no wall insulation (energy works likely)
- Very high local crime and very deprived area
- Very small plot and small rear yard; needs modernization
A four-bedroom Victorian mid-terrace in central Middlesbrough, located within walking distance of the town centre and Teesside University. The property is freehold, offers double glazing, mains gas central heating and a small rear yard. It currently generates approximately £900 pcm and is sold with basic furnishings and a freestanding gas cooker.
The house is solid red brick and dates from before 1900, with high ceilings and a front bay window that retain period character. Accommodation includes a ground-floor bedroom, lounge, kitchen and a three-piece bathroom, plus three further bedrooms across the upper floors. Total internal area is about 948 sq ft.
Important drawbacks: the area has very high crime levels and is very deprived, and the plot is very small. The building appears to have solid brick walls with no installed wall insulation (assumed) and the interior is dated, so buyers should allow for modernization and potential energy-efficiency upgrades. There is only a single bathroom for four bedrooms.
For an investor this offers immediate rental income and short-term returns, but factor in refurbishment costs, possible insulation works and the neighbourhood risk profile. For an owner-occupier seeking central, affordable accommodation, this is a characterful property that will benefit from renovation and targeted improvements.
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