4 bedroom end of terrace house for sale
Key information
Property description & features
- Tenure: Freehold
Introducing Percy Street, an enticing investment property in TS1. Originally a 2-bedroom residence, this property has been converted into a 4-bedroom space, ideal for student accommodation.
Situated in a prime location with a 5-minute walk to Teesside University, the current achieved rent is £1000 excluding bills. The property has been rented as a whole house rather than on a room-by-room basis, although this is possible for the next September intake.
Your NET annual take-home, after deducting management costs, would be £10,800 p.a. This results in an impressive 11% return on investment at the asking price. If you are considering renting to students for the next intake, we would suggest renting the rooms for £390pcm per room giving you a return of 13.4% after bills and management costs have been deducted.
Please note that if you opt for a mortgage, there will be additional costs to consider. At Ashbrooke’s, we include a CAP in the bills at £20 per week per room, a detail already incorporated into the NET figures.
To arrange a viewing or gather more information before this property gets taken, kindly contact us at[use Contact Agent Button] (option 1).
*Please note this is a 2 bedroom for sale but the current vendor has utilised it as a 4 bedroom for rent. The vendor is also in the process of finding out if the fourth (loft) room has building regs. If not this room would need to be used as storage for students*
Measurements:
-Kitchen 10'8" x 6'4" (3.25m x 1.93m)
-Communal 12'6" x 9'3" (3.8m x 2.82m)
-Bathroom 6'11" x 6'6" (2.1m x 1.98m)
-Bedroom 12'9" x 10'6" (3.89m x 3.2m)
-Bedroom 11'3" x 8' (3.43m x 2.44m)
-Bedroom 12'7" x 10'7" (3.84m x 3.23m)
-Bedroom 11'9" x 10'4" (3.58m x 3.15m)
Accommodation & Amenities:
-Please note this is a 2 bedroom for sale but the current vendor has utilised it as a 4 bedroom for rent
-The vendor is also in the process of finding out if the fourth (loft) room has building regs. If not this room would need to be used as storage for students.
-All furniture to be sold within the price agreed
-Currently let with ourselves
-5 minute commute to Teesside University
-Recently refurbished
-13.4% yield for students
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Property reference MDB230211. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Ashbrookes - Sunderland.
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Broadband availability and predicted speed: obtained from Ofcom on December 22, 2021
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 22, 2021
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