Buy to Let | Lonsdale Street, TS1 | Up to 19.70 Percent Gross Yield
Purchase Price: £67,000
Estimated Refurbishment: £5,000 to £10,000
Potential Rental Income: £750 PCM to £1,100 PCM (£9,000 to £13,200 per year)
Situated in the high demand TS1 postcode of Middlesbrough, this spacious residential property on Lonsdale Street represents a outstanding value add buy to let project. Offered at a competitive £67,000 purchase price, a low cost light refurbishment unlocks exceptional rental returns of up to 19.70 percent gross yield.
Key Investment Highlights
Unrivalled Yield Potential: Generates between £750 PCM (£9,000 PA) as a standard residential let up to £1,100 PCM (£13,200 PA) post conversion, offering massive double digit returns.
Value Add Conversion Opportunity: Currently arranged as a large 2 bedroom house with a double reception room, with clear potential to easily convert the layout into a high yielding 3 bedroom home.
Light Refurbishment Project: Requires only minor cosmetic works estimated at £5,000 to £10,000 to bring the property up to premium letting standards.
Prime TS1 Location: Highly attractive to both working professionals and university students due to its close proximity to Teesside University, Middlesbrough town centre, and major transport links.
A rare, high upside asset built to deliver maximum monthly cash flow and rapid equity growth.
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