This property is no longer on the market
3 bedroom terraced house
Key information
Property description & features
This property has recently undergone a refurbishment resulting in it being immaculately presented and tenant ready. This property is perfect for investors looking to maximise their income by creaing a 4-bed student house share with a 10-minute walk to Teesside University.
This property is currently tenanted on a residential basis with an income of £650pcm. The current owner can serve notice on the tenant if an investor wishes to put students in.
Union Street briefly comprises of a well-lit entrance, lounge, modern refitted kitchen and a downstairs bathroom. The first floor has three generously sized bedrooms which gives a new owner the scope to make it into four rooms with a GROSS income of £1,472 PCM. Ashbrookes would always recommend adding in a £20 per week per room utility cap within the tenancy agreement.
After taking bills and management into account your NET monthly figure is £1,036.80 PCM / £12,441.60 PA. This gives you a return of 12.4% at asking price. (These figures depend on the standard of finish and can also change if you decide to put ensuites in)
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Broadband availability and predicted speed: obtained from Ofcom on December 20, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 5, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on July 14, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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