Summary -
40, Langridge Crescent,MIDDLESBROUGH,TS3 7LL
TS3 7LL
3 bed 1 bath Semi-Detached
Let property with garage and garden, ideal for buy-to-let investors.
Three-bedroom semi-detached freehold, approx. 936 sq ft
A three-bedroom semi-detached freehold in TS3 offering immediate rental income and hands-off ownership for an investor. The property is let long-term and currently produces a gross annual income of £6,600, providing an instant cashflow stream from day one. Private front and rear gardens plus a detached garage add lettable appeal and future upside through minor improvements or re-marketing.
The house is mid-20th-century stock and presents as average in size (approx. 936 sq ft). Internally the décor and fixtures will likely need updating to maximise future rents or resale value; the exterior appears sound but the property is marketed as an opportunity for someone prepared to refurbish or manage tenant-handover. Important practical features include freehold tenure, private garage parking and strong mobile and broadband connectivity.
Buyers should weigh the area context: TS3 sits within a very deprived ward with high recorded crime levels and a local population profile of young, hard-pressed families. These factors influence rent levels, tenant demand and future capital growth, so this is primarily a buy-to-let or portfolio acquisition rather than a long-term owner-occupier purchase.
This is suited to investors seeking an income-producing asset with scope to increase value through modest works, professional management or longer-term asset management. The current tenant has remained in situ for several years and intends to stay, which reduces void risk but means any purchase will likely be with sitting tenants in place.
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