Summary - 73 CHIPPENHAM ROAD MIDDLESBROUGH TS4 3NT
3 bed 1 bath House
Ready-made rental with steady income in central Middlesbrough.
- Currently let at £750 pcm on a five-year lease
- Only five years left on lease — lenders may refuse mortgages
- Freehold tenure stated; verify lease details with solicitor
- Mid-20th-century terraced house, two storeys, 948 sq ft
- Requires cosmetic modernisation to maximise rental value
- Small, low-maintenance front and rear yard, street parking
- Located near schools and local amenities, practical tenant appeal
- Area classified as very deprived; consider demand and growth risk
A ready-made rental in central Middlesbrough, currently generating £750pcm and let on a five-year tenancy with no voids or repair obligations. The property is a mid‑20th century terraced house offering a practical layout across two storeys: porch, lounge, kitchen/diner, three bedrooms and a family bathroom. The overall floor area is about 79.7 sqm (948 sq ft), suitable for a buy-to-let portfolio addition.
Internally the home is largely sound but shows dated decor and will benefit from updating to maximise rental value. The paved front and manageable rear yard are low‑maintenance, and street parking serves the property. Local amenities and several Good-rated primary schools are within reach, making the location practical for tenants.
Important caution for buyers: there are only five years remaining on the current lease arrangement. Mortgage lenders may refuse to lend against this title — purchasers should obtain solicitor confirmation and discuss funding options before committing. The surrounding area is classified as very deprived and 'hampered neighbourhoods', which may influence tenant demand and long‑term capital growth.
This is best suited to a cash buyer or experienced investor comfortable managing a tenant in a higher‑need area and arranging finance that accommodates the short lease period. Transparency on condition and lease length means limited surprise maintenance, but potential for value uplift exists after refurbishment or on lease renegotiation.
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