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