Ready-made investment with immediate rental income at £800 pcm
Circa 10% gross yield on £90,000 purchase price
Furnished; fully referenced professional tenants in situ (no viewings)
Very small overall size and very small rear yard
Located in a very deprived area with very high local crime rates
Solid brick walls assumed uninsulated; double glazing install date unknown
Loft room with steep stairs — suitable for storage, not young children
On-street parking only; council permit required
This Victorian mid-terrace in Middlesbrough is offered as a ready-made buy-to-let with immediate rental income. Currently let to fully referenced, professional tenants at £800 pcm, the property presents a circa 10% gross yield on the £90,000 price — attractive to investors seeking instant cashflow. The house is compact (734 sq ft) and has been recently repainted; rooms are furnished and let as a two-bedroom plus additional reception-room-as-bedroom configuration.
The layout includes an open-plan living room, small galley kitchen with gas hob and combi boiler, ground-floor shower room, and a loft room with Velux window. The loft is accessed by steep stairs and is best suited to storage or occasional use rather than a child’s playroom. Externally there is a very small pebble rear yard and on-street residents’ parking (permit required).
Material considerations are straightforward: the property sits in a very deprived area with very high local crime rates and a predominance of terraces and student accommodation — factors that affect resale and tenant profiles. The building is solid brick with no known installed wall insulation (assumed), double glazing is present but installation date is unknown, and typical Victorian room sizes are compact. There are no flooding risks and the EPC is C.
This house will suit landlords wanting an immediate let with tenants in place and buyers comfortable with working within a dense urban, high-yield rental market. It can also be adapted for owner-occupation, but buyers should factor in area challenges, limited outdoor space, and potential improvement costs for insulation or further modernisation.
