Summary - 23 CRESCENT ROAD MIDDLESBROUGH TS1 4QN
5 bed 5 bath House
Fully let 5-bed HMO near Teesside University, immediate income and strong demand..
5 ensuite bedrooms, fully let generating £23,400 annual income
Walking distance to Teesside University and town centre
Freehold end-terrace with period red-brick bay window
Compact 1,098 sq ft; small overall plot and footprint
Double glazing fitted post-2002; mains gas heating via boiler
Very high local crime and very deprived area – higher risk
Solid brick walls assumed uninsulated; potential higher energy costs
Flood risk: none reported; council tax banding unspecified
This end-of-terrace Victorian house is presented as a turnkey student investment, currently fully let as a five-bedroom, all en-suite HMO generating £23,400 pa. Its location in central Middlesbrough places Teesside University and town-centre amenities within walking distance, underpinning strong rental demand and reliable occupancy for student lets.
The property retains period character externally with a red-brick bay and chimney, while internally offers contemporary communal living space, wood floors and double glazing installed after 2002. Main services are mains gas with a boiler and radiators; the freehold tenure and compact 1,098 sq ft layout make management straightforward for an investor.
Buyers should weigh clear positives against material drawbacks. The immediate income stream and c.12% gross return at the listed price offer strong cashflow potential, but the area records very high crime rates and high deprivation, which can affect insurance, void risk and tenant turnover. The party walls are solid brick with assumed no insulation, so energy costs may be higher than modern builds.
This is a specialist purchase suited to investors seeking an established student HMO with immediate income. It is less suitable for an owner-occupier seeking a family home due to layout, small plot, and local area profile. Any purchaser should budget for ongoing maintenance and check furnishing inventories, insurance implications and compliance with HMO regulations.
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