£62,995
2 bed terraced house for salePark Lane, Middlesbrough TS1
2 beds
1 bath
EPC Rating: E
Just added
Freehold
About this property
Investment Opportunity | Value-Add Property | Student, Residential or Social Housing Potential
Century Three is pleased to present this value-add investment opportunity on Park Lane, Middlesbrough, ideally positioned close to Teesside University and a wide range of local amenities.
The property is available at a £62,995 purchase price and an estimated £10,000 refurbishment budget, giving a projected total investment of approximately £73,000.
Once refurbished, the property has a stated potential end value of approximately £90,000-£95,000, providing scope for around £17,000-£22,000 uplift against the total projected investment before finance, holding, selling and other associated costs.
The property offers investors flexibility when considering their exit or rental strategy. Potential rental income is estimated at approximately £900 pcm when occupied by two students, or approximately £750 pcm through either a standard residential tenancy or proposed social housing arrangement.
Based on the projected figures, the property offers the potential for a strong double-digit gross rental yield, alongside the opportunity to add value through refurbishment and potentially resell or retain as a longer-term rental investment.
Key Features: £62,995 purchase price| Approx. £10,000 refurbishment | Approx. £73,000 total projected investment | £90,000-£95000 potential end value | Up to £900 pcm projected student rent | £750 pcm projected residential/social housing rent | Close to Teesside University | Value-add opportunity | Multiple potential rental strategies | Potential resale or longer-term buy-to-let strategy
Century Three is pleased to present this value-add investment opportunity on Park Lane, Middlesbrough, ideally positioned close to Teesside University and a wide range of local amenities.
The property is available at a £62,995 purchase price and an estimated £10,000 refurbishment budget, giving a projected total investment of approximately £73,000.
Once refurbished, the property has a stated potential end value of approximately £90,000-£95,000, providing scope for around £17,000-£22,000 uplift against the total projected investment before finance, holding, selling and other associated costs.
The property offers investors flexibility when considering their exit or rental strategy. Potential rental income is estimated at approximately £900 pcm when occupied by two students, or approximately £750 pcm through either a standard residential tenancy or proposed social housing arrangement.
Based on the projected figures, the property offers the potential for a strong double-digit gross rental yield, alongside the opportunity to add value through refurbishment and potentially resell or retain as a longer-term rental investment.
Key Features: £62,995 purchase price| Approx. £10,000 refurbishment | Approx. £73,000 total projected investment | £90,000-£95000 potential end value | Up to £900 pcm projected student rent | £750 pcm projected residential/social housing rent | Close to Teesside University | Value-add opportunity | Multiple potential rental strategies | Potential resale or longer-term buy-to-let strategy
Mortgage calculator
Monthly repayment
£315 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}