Property Details: - Type: Terraced house - Bedrooms: 3 - Bathrooms: 1
Agent: Century Three - Middlesbrough Phone: 01642 048996
<p>Strategic Investment Opportunity | Newport Ward | 6.5 Year Payback</p><p>Asking Price: £87,995</p><p>Tenure: Freehold | Possession: Vacant | No Forward Chain</p><p><br/></p><p>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.</p><p><br/></p><p>Investment Performance</p><p><br/></p><p>This property is priced for a high-velocity return on investment:</p><p><br/></p><p>15% Yield: Based on a standard 2-student let.</p><p><br/></p><p>18%–23% Potential Gross Yield: Following a strategic reconfiguration.</p><p><br/></p><p>Rapid ROI: Estimated 6.5-year payback period, making it an ideal "portfolio booster."</p><p><br/></p><p>Property Features & Specifications</p><p><br/></p><p>While the interior requires refurbishment, the property benefits from substantial external and structural upgrades:</p><p><br/></p><p>Energy Efficiency: Featuring External Wall Insulation (EWI) and modern render, helping to maintain a solid EPC: D rating.</p><p><br/></p><p>Structural: Durable Double Roman roof tiles and full double glazing throughout.</p><p><br/></p><p>Heating: Reliable Combi-gas central heating system.</p><p><br/></p><p>Space: A classic bay-fronted lounge, first-floor bathroom, and an extra-large rear yard rarely found in this postcode.</p><p><br/></p><p>Development Potential (STPP)</p><p><br/></p><p>The generous internal proportions and dual-street access provide several lucrative exit strategies:</p><p><br/></p><p>Student HMO: Reconfigure into a 4 or 5-bedroom layout with en-suites to maximize rental income.</p><p><br/></p><p>Multi-Unit: Potential for conversion into 2 self-contained flats leveraging the access from both Gresham and Princes Road.</p><p><br/></p><p>Standard Let: A high-performing professional or family rental.</p><p><br/></p><p>University of Teesside: Situated in superb proximity to the main campus, ensuring year-on-year tenant demand.</p><p><br/></p><p>Local Amenities: Immediate access to the shops, eateries, and transport links of central Middlesbrough.</p><p><br/></p><p>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.</p><p><br/></p><p>Arrange a viewing today to explore the footprint and conversion potential of this substantial freehold property.</p>
