If you’re looking for an investment which is FREEHOLD, 3BED house located less than 2.5 miles to a popular University which is offered for sale at a genuine 24% BELOW market values as well as being completely hands off then this is the deal for you!
The 3BED, tenanted house is located in Middlesbrough and only 2.5 miles to Teeside University.
We have this for sale at £55,000 and Zoopla estimate it’s worth up to £72,000. There are comparable properties sold in the last 12 months up to £70,000 – see links below.
The property is tenanted at £475 per calendar month which generates a 9.3% NET rental yield if buying cash or if using a 25% deposit as a buy-to-let, the deal will generate a NET ROI of 29% per annum after ALL deductions including mortgage.
Property Address: 145 Fulbeck Rd, Middlesbrough TS3 0RR – Discounted price of £55,000