Summary - 12 ELTISLEY GREEN MIDDLESBROUGH TS3 8NB
3 bed 1 bath Terraced
Long-term tenant in place with immediate rental income and refurbishment upside.
Three-bedroom mid-terrace, approx 840 sq ft
A practical investment opportunity in Pallister Park offered with a long-term tenant in place. The property is a three-bedroom mid-terrace of around 840 sq ft, currently let at £550 pcm which equates to the advertised circa 8.5% gross yield at the guide price. Heating is mains gas with a boiler and radiators and double glazing was installed after 2002, reducing immediate running-cost concerns.
Sold freehold and chain-free at online auction, the lot is offered as an ongoing buy-to-let with a 15-year tenant. There are small front and rear gardens, on-street parking and garages available to rent nearby. Council tax is low and broadband and mobile signal are strong, supporting tenant retention and marketability.
The area shows high crime levels and very high deprivation which will affect resale and lettings to some tenant types. The house requires updating in places; the kitchen and general decor are functional but dated, so expect refurbishment costs if aiming to re-let at higher rents or sell on. Legal pack contains full special conditions and any additional costs; an auction buyer will pay a buyers premium and must complete within 28 days.
This lot will suit an investor seeking immediate rental income with a sitting tenant and the potential to enhance capital value through targeted improvement. Be aware of auction terms, the buyers premium, the deposit requirement and the neighbourhood profile before bidding.
3 bedroom terraced house for sale in 12 Eltisley Green, Pallister Park, Middlesbrough, Cleveland, TS3 8NB, TS3 — £54,000 • 3 bed • 1 bath • 840 ft²
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3 bedroom terraced house for sale in 26 Elmhurst Gardens, Hemlington, Middlesbrough, North Yorkshire TS8 9EN, TS8 — £50,000 • 3 bed • 1 bath • 840 ft²
3 bedroom terraced house for sale in Monach Road, HARTLEPOOL, TS25 — £58,000 • 3 bed • 1 bath • 894 ft²
3 bedroom terraced house for sale in Hambledon Road, Middlesbrough, TS5 5EF, TS5 — £99,000 • 3 bed • 1 bath
3 bedroom terraced house for sale in Basil Street, Middlesbrough, TS3 — £50,000 • 3 bed • 1 bath • 1141 ft²
