Summary - 4 HENRY STREET NORTH ORMESBY MIDDLESBROUGH TS3 6PZ
2 bed 1 bath Terraced
Tenanted at £575pcm, yield ~11.5%
An operational buy-to-let with immediate income: this two-bedroom mid-terrace in North Ormesby is tenanted at £575pcm, producing an advertised yield of around 11.5%. The property is freehold, double-glazed and heated by mains gas boiler and radiators, and has been modernised internally with neutral décor and laminate flooring — offering a straightforward, let-ready investment with low tenant churn potential.
Accommodation is compact but practical across approximately 657 sq ft: a front room with bay window, fitted kitchen, ground-floor bathroom and two double bedrooms upstairs. The rear yard provides simple outdoor space and there is on-street parking. Broadband speeds and mobile signal are good, and local amenities, shops and schools are within walking distance — helpful for long-term lettability.
Material considerations are clear: the area records very high crime levels and is classified as very deprived, which affects long-term capital growth prospects and tenant risk. The building is an early 20th-century solid-brick terrace with assumed no wall insulation and some photographic notes that suggest potential damp in an entryway — further inspection is recommended if you plan to refurbish.
Sale is at auction and includes a buyer’s premium of £3,600 plus VAT. The property is sold with sitting tenants, so purchasers should expect to acquire the tenancy in situ and factor the premium, auction timelines and any refurbishment costs into the total investment calculation.
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