Summary - 11 RYEDALE STREET MIDDLESBROUGH TS3 6PF
2 bed 1 bath Terraced
Two-bedroom rental with steady income and scope for value-adding refurbishment.
- Long-term tenant in place, producing £7,200pa gross income
- Guide price £50,000 offers a high gross yield opportunity
- Two bedrooms, lounge, kitchen, bathroom, small rear garden
- Freehold terraced Victorian with bay window and chimney features
- Visible external mould and signs of damp; requires remedial work
- Dated interior and decoration; refurbishment will increase value
- Very high local crime and high area deprivation to consider
- Fast broadband and excellent mobile signal; no flood risk
A straightforward buy-to-let proposition in TS3 with a long-standing tenant in situ. The property currently produces a gross annual income of £7,200 against a guide price of £50,000, giving a very strong rough gross yield for investors prepared to hold.
The mid-terraced Victorian house is freehold and offers two bedrooms, lounge, kitchen, bathroom and a small private rear garden. Positive practical features include fast broadband, excellent mobile signal and no identified flood risk. The façade shows typical period features (bay window, chimneys) but the exterior and some internal areas need cosmetic and remedial attention.
Notable negatives: the area records very high crime and high deprivation, and the property exhibits damp and visible external mould; internal decoration is dated and some updating or repairs are likely required to maximise rent or resale value. Prospective buyers should budget for refurbishment and confirm the property's condition with a physical inspection.
This listing suits investors seeking immediate rental income and potential value-add through refurbishment or reconfiguration. Before purchase, request the Let Property Pack, current tenancy paperwork, recent EPC, gas and electrical safety certificates, and arrange a full inspection to confirm scope and cost of works.
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