Property for sale in Haymore Street, Middlesbrough TS5

Sab presents exciting Design and Build projects on Haymore Street – Middlesbrough

4 bed, 4 bathroom HMO with Net returns from 16.46%

The property

A sought-after area with easy access to the University, local amenities and the town centre. Only a 15 minute walk to the University campus and the Student Union bars. The town centre is just a 20 minute walk away.

Spacious enough to enable a 4-bedroom multi let: All with double rooms and 4 bathrooms plus a spacious communal kitchen.

Teesside University has over 20,000 students and has a lively student community

Spacious enough to enable a 4-bedroom multi let: All with double rooms and 4 bathrooms plus a spacious communal kitchen.

Total Project Cost: £158,811.00

Total Cash outlay: £98,312.25

true net income: £16,182.95 per annum

net return on investment: 16.46% per annum

The finished product

•Will be refurbished to the highest standard and contain all the necessities for student life within the furniture pack plus wifi, bike storage etc.

•All rooms will be rented at £90- £95 (ensuite) per person per week.

•Will be supplied, fully regulated and compliant with the local council and passed for university accommodation approval on completion of the building work with all necessary approvals.

•Will be completed including University required extras such as full fire safety accreditation. This comprises of interlinked smoke alarms in all rooms, emergency lighting systems, appropriate fire panels and heat sensors.