23 Crescent RoadMiddlesbrough

The property comprises a high yielding student HMO opportunity located in the principal student area of Middlesbrough. Arrange across ground and first floors, the property comprises a fully licensed five bedroom Home in Multiple Occupation (HMO) and is let to four tenants producing £20,800 per annum. All rooms feature ensuite bathrooms with a shared kitchen and lounge. The property is currently let to four tenants, with one room vacant, producing a total £20,800 per annum. Each room is let at £433 pcm (£5,200 per annum) and we therefore consider the rental value of the property when fully let to be in the order or £26,000 per annum. The property is situated at the corner of Oxford Street and Crescent Road, approximately 0.4 miles from Teeside University campus. The area is popular with students and is within close reach of the amenities of Linthorpe Road and Albert Park.