Chain‑free three-bed with strong rental yield potential in South Bank..
- Three bedrooms, one bathroom; traditional terraced layout
A compact three-bedroom mid-terrace offering clear buy-to-let potential in South Bank. Priced attractively and sold chain-free, the property is geared toward investors seeking immediate rental income; current figures indicate a possible yield around 12% with estimated rent of £550 pcm. The house has a traditional layout with a bay-fronted living room, functional kitchen and an enclosed rear yard that could add tenant appeal after light improvements.
This is a property for hands-on investors or renovators comfortable working in a challenged neighbourhood. The home needs updating in places — cosmetic refreshes, heating or electrical checks should be assumed — but retains character features such as a high-ceilinged living room and decorative fireplace. The small plot and modest internal size (circa 700 sq ft) keep maintenance and running costs lower than larger investments.
Location is practical: close to Middlesbrough town centre, Cleveland Retail Park and regular bus and rail links. On-street parking and an enclosed yard provide everyday convenience. Important considerations: the area is very deprived with very high local crime rates, which will affect tenant demand, insurance and long-term capital growth expectations.
For the buyer who can accept the social challenges and complete targeted works, this property offers a low-entry, freehold investment with fast broadband and excellent mobile signal. Council Tax is low (Band A), flood risk is negligible and the immediate market supports rental demand, making this a realistic option for a steady income stream after refurbishment.
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