3 bed end terrace house for sale

Chesham Street, Middlesbrough TS5

Investment Opportunity | Licensed HMO | Newly Refurbished | Multiple Rental Strategies

Century Three is pleased to present this newly refurbished HMO investment opportunity in Linthorpe, Middlesbrough, offered with vacant possession and providing investors with a choice of potential rental strategies.

The property comprises three bedrooms & four bathrooms in total and is currently licensed as a three-bedroom HMO. The licensed HMO accommodation benefits from en-suite facilities to the bedrooms, alongside a spacious communal lounge, an additional front room downstairs and a large kitchen. The property has been refurbished to a very high standard, with Building Regulations completed, double glazing throughout and a fully electric setup with no gas supply.

The property is available at £149,995.

For investors considering an individual room rental strategy, the property has stated rental potential of approximately £1,500 pcm based on its licensed HMO use. There may also be potential to generate higher income depending on the chosen letting model and all necessary licensing and regulatory requirements.

An alternative investment strategy is available through an approved social housing arrangement, with a stated rental income of £1,200 pcm for five years on a full repairing and insuring (Fri) lease. This option is presented as offering fixed rental income with maintenance obligations handled under the terms of the proposed lease, subject to contract and purchaser due diligence.

For investors considering contractor accommodation, the property could easily become a four bedroom property and has been suggested as potentially capable of generating around £2,000 pcm gross income at approximately £500 per room including bills. Any such use would be subject to the appropriate HMO licensing, planning, occupancy and regulatory requirements, and the £2,000 figure is before utilities and other operating costs.

Key Features:| Currently licensed as a three-bedroom HMO | En-suite accommodation | Newly refurbished to a high standard | Building Regulations completed | Vacant possession | Spacious lounge | Large kitchen | Fully electric | Double glazed throughout | Multiple potential letting strategies | Social housing lease option stated at £1,200 pcm for five years | Potential HMO/contractor rental income subject to relevant approvals

This is a versatile investment opportunity in Linthorpe, particularly suited to purchasers looking for a refurbished property with the flexibility to consider HMO, contractor or longer-term leased accommodation strategies.

All rental figures, yields, licensing, lease terms and proposed uses should be independently verified by the purchaser. The property is currently stated to hold a three-bedroom HMO licence; use or occupation beyond the existing licence is subject to the relevant permissions and regulatory requirements.