Summary - 3 ESKDALE HEMLINGTON MIDDLESBROUGH TS8 9LU
1 bed 1 bath Flat
Income-ready renovated flat with immediate rent and communal green outlook.
- Ground-floor one-bedroom flat with modern kitchen and bathroom
- Sold with long-term tenant paying £476 pcm rental income
- 732 sq ft overall; compact practical footprint for single occupancy
- Small enclosed front garden; backs onto communal green space
- Newly renovated internally; low immediate maintenance expected
- Leasehold with approximately 55 years remaining; mortgage risk present
- Located in Hemlington; close to shops, schools and transport links
- Area shows higher deprivation; affects long-term resale dynamics
A compact, ground-floor one-bedroom flat presented as newly renovated and sold with a long-term tenant in situ. The flat benefits from a modern kitchen and bathroom, a small enclosed front garden and a side aspect overlooking communal green amenity land. At 732 sq ft overall the property offers a practical footprint for single occupancy or buy-to-let.
This unit is offered with an existing rental income of £476 pcm, making it an immediate income purchase for investors. The Hemlington location sits close to local shops, schools and transport links, and mobile and broadband connections are reported as excellent and fast.
Buyers should note this is a leasehold with approximately 55 years remaining. That shorter lease term is a material concern: some mortgage lenders may refuse lending and lease extension costs can be significant. The wider area has higher deprivation indices, which affects future resale dynamics and tenant demand variability.
Overall, this property is best suited to a purchaser seeking an income-producing, low-maintenance flat who understands leasehold limitations and potential costs to extend the lease. It presents good immediate cashflow but requires due diligence on financing options and long-term value implications.
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