Summary - 45, Maddren Way, MIDDLESBROUGH TS5 5BB
1 bed 1 bath Flat
Ready-made rental with immediate income and a long lease.
Sitting tenant in place paying £550 pcm
A compact, ground-floor one-bedroom apartment offered with a sitting tenant producing immediate rental income. The property sits in a modern development with communal landscaped areas and a private balcony, providing straightforward, low-maintenance accommodation aimed at buy-to-let purchasers.
Current rent of £550 pcm equates to around a 10% gross yield at the asking price, and the lease has approximately 130 years remaining — both attractive features for investors seeking predictable returns and long lease security. The flat has an open-plan living/dining/kitchen, double glazing and an EPC rating of C.
Buyers should note this is an electric-heated property using room heaters rather than a gas central system, and the local area records higher crime levels, which may affect tenant demand and insurance costs. The flat is sold with the tenant in situ, so vacant possession is not guaranteed on completion.
This is a pragmatic choice for investors wanting immediate cashflow from a modern, low-upkeep unit close to local amenities and good transport links. Expect modest capital growth prospects in a deprived postcode, balanced by strong income yield potential.
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