Economical investment close to Teesside University with minimal initial renovation.
Freehold two-bedroom Victorian mid-terrace, ready to occupy or rent
This compact Victorian mid-terrace is presented ready for immediate occupation or rental. Recent redecoration, new carpets and a modern fitted kitchen reduce upfront costs for a buyer or landlord and the property is offered freehold.
Practical systems include UPVC double glazing, a combi boiler with radiators and a tiled main roof — all helpful for managing running and maintenance costs. At around 894 sq ft the layout is modest: two bedrooms, separate living and dining rooms and a small rear yard typical of traditional terraces.
Location suits buy-to-let investors or first-time buyers wanting proximity to Teesside University and local amenities; fast broadband and excellent mobile signal aid rental appeal. Be realistic about the neighbourhood: the area is very deprived with very high recorded crime levels, which will affect tenant demand, rent levels and resale prospects.
Overall this is a low-entry-price investment with immediate rental potential and limited ongoing refurbishment needs, but buyers should allow for higher management/security measures and factor neighbourhood risks into yield calculations.
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