Summary - 1 GRETTON AVENUE MIDDLESBROUGH TS4 3QT
3 bed 2 bath End of Terrace
Ready rental income from day one for portfolio growth.
Three-bedroom end-terrace with sitting tenants generating £750 pcm
A ready-made rental with sitting tenants, this three-bedroom end-terrace produces £750 pcm from day one, offering immediate yield for a buy-to-let portfolio. The property is freehold and chain-free, with planning permission already granted to extend if you purchase the adjacent parcel of land (available separately for £30,000).
Internally the home is sensibly laid out over two floors with a lounge, kitchen and three bedrooms plus two bathrooms across approximately 948 sq ft. The house has been kept tidy and benefits from a decent-sized garden and street parking; fixtures are broadly modern but some decorative and maintenance attention is needed in places.
Location is a core value driver: close to James Cook University Hospital, local amenities, and reliable transport links that keep tenant demand steady. Note the area is classed as very deprived with higher crime levels than average, which is reflected in local yields and tenant profile.
For a landlord this is a straightforward, low-friction purchase that starts earning income immediately and offers clear potential to increase capital value by buying the adjacent land and using the approved extension. Factor in the local social challenges and likely management requirements when assessing net returns.
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