Property Details: - Type: Terraced house - Bedrooms: 2 - Bathrooms: 1
Agent: Century Three - Middlesbrough Phone: 01642 048996
<p>Investment Opportunity | Value-Add Property | Student, Residential or Social Housing Potential</p><p>Century Three is pleased to present this value-add investment opportunity on Park Lane, Middlesbrough, ideally positioned close to Teesside University and a wide range of local amenities.</p><p>The property is available at a £62,995 purchase price and an estimated £10,000 refurbishment budget, giving a projected total investment of approximately £73,000.</p><p>Once refurbished, the property has a stated potential end value of approximately £90,000-£95,000, providing scope for around £17,000-£22,000 uplift against the total projected investment before finance, holding, selling and other associated costs.</p><p>The property offers investors flexibility when considering their exit or rental strategy. Potential rental income is estimated at approximately £900 PCM when occupied by two students, or approximately £750 PCM through either a standard residential tenancy or proposed social housing arrangement.</p><p>Based on the projected figures, the property offers the potential for a strong double-digit gross rental yield, alongside the opportunity to add value through refurbishment and potentially resell or retain as a longer-term rental investment.</p><p>Key Features: £62,995 purchase price| Approx. £10,000 refurbishment | Approx. £73,000 total projected investment | £90,000-£95000 potential end value | Up to £900 PCM projected student rent | £750 PCM projected residential/social housing rent | Close to Teesside University | Value-add opportunity | Multiple potential rental strategies | Potential resale or longer-term buy-to-let strategy</p>
