Summary - 143 ALBERT ROAD MIDDLESBROUGH TS1 2PP
6 bed 1 bath House of Multiple Occupation
Immediate income close to campus, ideal for active investors seeking high yield.
Licensed six-bed HMO with grandfather HMO planning permission (2011)
One-minute walk to Teesside University — consistent student demand
Gross income £2,951.54 PCM (£35,418.48 PA); reported 12.2% gross yield
Fully tenanted on completion — immediate rental income
EPC rated D (58); potential for energy improvements
Area classified as very deprived with very high crime levels
Freehold; small plot and compact external space
Period features: bay windows, high ceilings; some dated internal areas
This fully licensed six-bedroom HMO on Albert Road offers immediate, income-producing potential for hands-on investors. Located a one-minute walk from Teesside University, the property benefits from consistently strong student demand and existing tenancy, delivering a gross income of £2,951.54 PCM (£35,418.48 PA) and a reported gross yield of 12.2% at the asking price.
The building retains Victorian character — bay windows, high ceilings and large rooms — which helps rental appeal. It is freehold with HMO planning grandfather rights (permission granted 2011), so regulatory compliance is already in place and the property trades as an established HMO.
Buyers should note material drawbacks plainly: the area is recorded as very deprived with very high crime levels, and the plot is small. The EPC is rated D (58), so energy upgrades could be required to improve efficiency and tenant comfort. The property is best suited to investors comfortable managing an HMO in a busy student neighbourhood and addressing any maintenance or refurbishment needs to sustain lettings and long-term value.
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