Gresham Road

Strategic Investment Opportunity | Newport Ward | 6.5 Year Payback

Asking Price: £87,995

Tenure: Freehold | Possession: Vacant | No Forward Chain

Located in the high-demand Newport Ward (TS1), this large bay-fronted terrace on Gresham Road is a standout choice for investors targeting the student market. With unique dual access via Princes Road and an extra-large rear footprint, this property offers significantly more scale and flexibility than your standard terrace.

Investment Performance

This property is priced for a high-velocity return on investment:

15% Yield: Based on a standard 2-student let.

18%–23% Potential Gross Yield: Following a strategic reconfiguration.

Rapid ROI: Estimated 6.5-year payback period, making it an ideal "portfolio booster."

Property Features & Specifications

While the interior requires refurbishment, the property benefits from substantial external and structural upgrades:

Energy Efficiency: Featuring External Wall Insulation (ewi) and modern render, helping to maintain a solid EPC: D rating.

Structural: Durable Double Roman roof tiles and full double glazing throughout.

Heating: Reliable Combi-gas central heating system.

Space: A classic bay-fronted lounge, first-floor bathroom, and an extra-large rear yard rarely found in this postcode.

Development Potential (STPP)

The generous internal proportions and dual-street access provide several lucrative exit strategies:

Student HMO: Reconfigure into a 4 or 5-bedroom layout with en-suites to maximize rental income.

Multi-Unit: Potential for conversion into 2 self-contained flats leveraging the access from both Gresham and Princes Road.

Standard Let: A high-performing professional or family rental.

University of Teesside: Situated in superb proximity to the main campus, ensuring year-on-year tenant demand.

Local Amenities: Immediate access to the shops, eateries, and transport links of central Middlesbrough.

Investor Note: This is a "Direct to Vendor" listing, offering a transparent path to purchase with no forward chain. The combination of external insulation and the 6.5-year payback potential makes this one of the most efficient investment vehicles currently available in TS1.

Arrange a viewing today to explore the footprint and conversion potential of this substantial freehold property.