Summary - 53 KILDARE STREET MIDDLESBROUGH TS1 4RF
2 bed 1 bath End of Terrace
Student-ready freehold investment near Teesside University with immediate income..
Freehold Victorian end-of-terrace, two-bedroom (can be three)
A compact Victorian end-of-terrace close to Teesside University, presented as a two-bedroom freehold with scope to use as a three-bedroom student let. The property currently benefits from UPVC double glazing, gas combi central heating and a tenant in situ on a rolling contract, producing a predictable income stream. At the asking price the current gross yield is approximately 6.8% (tenant pays £425pcm).
This house is well placed for investors targeting student or local rental demand: short walk to campus, excellent mobile signal and fast broadband. The layout (ground-floor lounge and bedroom, first-floor two bedrooms and bathroom) allows straightforward reconfiguration to a three-bed HMO to increase income. The small rear yard has alley access and requires minimal upkeep.
Buyers should note material local factors: the neighbourhood sits in a very deprived area with above-average crime levels. The property occupies a small plot and the street setting is urban and mixed. Internally some rooms show dated wear and would benefit from modernisation to justify higher rents or to attract higher-quality tenants. The current tenant is on a rolling contract, so any rent increase or vacant possession would need to be managed legally and sensibly.
Overall this is an accessible, low-entry freehold investment in a university market with immediate rental return and clear short-term upside if refurbished or reconfigured for student occupancy.
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