167 Marton Road, 167 Marton Road, Middlesbrough | Property for sale | Savills
Guide price £285,000

167 Marton Road167 Marton Road, Middlesbrough

  • New
  • Sole agency
  • Freehold
Investment
Yield 11%Yield

Key features

  • High Yielding HMO/Student Investment
  • Seven Bedroom HMO
  • Producing £30,000 per annum
  • ERV £35,000 per annum
  • Asset Management Potential
  • Guide Price Reflects 10.5% Gross Yield

High Yielding Student HMO Investment Opportunity Seven Bedroom Semi-Detached House Located Within the Principal Student Area of Middlesbrough

About this property

  • The property comprises a high yielding student HMO opportunity located in the principal student area of Middlesbrough. Arranged across ground, first and second floors, the property comprises a fully licensed seven bedroom Home in Multiple Occupation (HMO) and is let to a single tenant producing £30,000 per annum. We understand the tenant is not in occupation but continuing to pay rent. Nearby comparable evidence suggests that the property may achieve in excess of £35,000 per annum when directly let. The property is situated on Marton Road, close to the turning for Stamford Street and Newlands 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.