Summary - 10 PILKINGTON STREET MIDDLESBROUGH TS3 6JN
2 bed 1 bath Terraced
Two-bed Victorian terrace with tenant in-situ — immediate 10%+ yield; auction sale with buyer’s premium..
Tenant in-situ producing £575 pcm (approx. 10.6% yield)
Freehold mid-terrace Victorian, circa 700 sq ft
Open-plan lounge/diner and fitted kitchen
Two spacious bedrooms; traditional period features
Sold at auction — buyer’s premium fees apply
Located in very deprived, very high-crime area
Very small plot with no obvious garden or outside space
Solid brick walls likely uninsulated; potential upgrade costs
This two-bedroom mid-terrace Victorian property on Pilkington Street is offered as a turnkey investment with a tenant in situ, producing £575 pcm (approx. 10.6% yield) and positive cash flow from day one. The layout includes a spacious open-plan lounge/dining area, fitted kitchen and two well-proportioned bedrooms across circa 700 sq ft. Sold freehold at auction, it suits buyers seeking immediate rental income in a high-demand lettings area.
Be clear about the location profile: the postcode sits in a very deprived, high-crime neighbourhood which can affect resale and lettings perception. The property has no visible garden and a very small plot, limiting amenity appeal for families. Buyer’s premium fees apply at auction and the sale is with tenant in place, so viewing access and timing are restricted until legal completion.
Construction is typical early 20th-century solid brick with double glazing and gas central heating; however, assumed wall construction suggests little or no cavity insulation — expect potential energy-efficiency or upgrade costs. The property’s period character (bay window, high ceilings) and strong rental demand create scope for steady rental returns, while refurb or insulation work could increase capital value and tenant appeal.
This is primarily an investment opportunity: buy for immediate income and consider light-to-moderate refurbishment to improve EPC and long-term capital growth. Investors should budget for auction fees, possible energy-efficiency upgrades, and factor the local area profile into exit strategy planning.
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