Summary - 17 CHIPPENHAM ROAD MIDDLESBROUGH TS4 3PL
3 bed 1 bath Terraced
Compact freehold terrace near James Cook Hospital with immediate income.
Guaranteed rent £9,000 per year (£750 pcm) until summer 2030
Set in the Easterside/Marton area of Middlesbrough, this three-bedroom mid-terrace offers an immediate, guaranteed income of £9,000 per year from a tenant on a no-repair lease. The property is freehold and occupies a small footprint typical of post‑war terraced stock, with a small garden and straightforward two-storey layout. Its proximity to James Cook University Hospital and main road links (A174/A19) supports steady rental demand.
This is a clear investor-focused opportunity: rental income is secured to summer 2030 under the existing lease, so the purchase delivers immediate yield without management interruption. The house is compact (approx. 743 sq ft) with modest room sizes and basic mid‑20th-century construction — suitable for hands-on investors or those seeking a simple, let asset in a high-demand postcode.
Important considerations: only five years remain on the current lease and it is a no-repair arrangement. Mortgage lenders are likely to refuse standard residential lending on properties with so few years remaining on an existing lease, so buyers should be prepared to fund purchase with cash or specialist finance. The area records high deprivation levels and average crime; this influences re-letting risk and future capital growth compared with more affluent locations.
Internally the house appears functional but dated; it may need future repairs or refurbishment once the no-repair lease ends. That presents potential upside for a buyer prepared to invest in updates to drive higher rents or to re-market to owner-occupiers, subject to securing vacant possession and addressing any required works.
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