Summary - 10 NESHAM ROAD MIDDLESBROUGH TS1 4HT
3 bed 1 bath Terraced
Ready income property near university, ideal for cash-flow investors.
- 3 beds, 1 bathroom; compact town-house footprint
- Tenancy in place until 21 May 2026 (joint full-house tenancy)
- Annual rent £11,520; gross yield 12.8% at guide price £90,000
- Newly installed Navien combi boiler and UPVC double glazing
- Offered fully furnished; modern neutral decoration throughout
- Corner plot with larger-than-average outside space for street
- Very high local crime and very deprived area — material risk
- On-street parking only; rooms and plot are small/compact
A compact town-centre terraced house generating strong rental income and immediate cash flow. The property is offered freehold with a joint tenancy in place until 21 May 2026, producing £11,520 per year (12.8% gross yield at the guide price of £90,000). Internally the home is neutrally finished, furnished, and benefits from recent upgrades including a newly installed Navien combi boiler and UPVC double glazing, reducing short-term capital expenditure for a buyer.
Accommodation is small-to-average in footprint: three first-floor bedrooms, a downstairs reception currently used as a bedroom, a compact fitted kitchen and a ground-floor bathroom. The property sits on a corner-sized plot that provides larger-than-average outside space for the street, and on-street parking is available. It is about a 0.9 mile walk to the main university entrance, making it suitable for student or HMO-style lettings.
Key investment considerations are straightforward: the asset is set up as a high-yield, fully furnished let with modern fixtures and fast connectivity. Offsetting factors buyers must accept are the existing tenancy until May 2026 and the local context — the area is very deprived with very high crime levels. Rooms are compact, and parking is on-street only, which may limit appeal for some tenants or future owner-occupiers.
This property suits buyers prioritising yield and immediate rental return rather than lifestyle or long-term refurbishment upside. Routine letting management and targeted maintenance planning will preserve income while allowing potential reconfiguration or replacement tenancies as market conditions change.
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