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Abingdon Road

Middlesbrough, Teeside

£470,000Offers Over

  • Nine bed, fully licenced HMO property
  • Current net yield of almost 10%
  • Current sitting tenants resulting in immediate rental income on completion
  • Modernised throughout recently
  • Fully compliant
  • EPC rating: D

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0161 337 3890

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Middlesbrough, Teeside

Nine Bed HMO | Offers Over £470,000 | Freehold

INVESTMENT SNAPSHOT

Offers Over: £470,000
Fully Occupied Income: c. £4,167 pcm / £50,004 pa
Est. Net Income After Bills: c. £3,875 pcm / £46,500 pa
Est. Net Yield After Bills: c. 9.78% (self-managed)*
Tenure: Freehold
HMO Licence: Current HMO Licence

*Estimated net yield after core bills, self-managed. See Estimated Bills below for basis.
PROPERTY DESCRIPTION
A stabilised nine-bedroom en-suite HMO arranged over three floors, recently refurbished and furnished to a high standard. Current tenancy terms are typically six to twelve months or longer, with a blend of students and professionals. Its central position close to Teesside University and Middlesbrough town centre supports sustained demand. The property also benefits from double glazing, gas central heating and a rear yard.
ACCOMMODATION
Ground Floor: Kitchen/living area, four bedrooms and en-suite shower facilities.
First & Second Floors: Five bedrooms, reception room, kitchen and shower facilities.
Approximate Gross Internal Floor Area: 1,985 sq ft / 184.4 sq m (as supplied)
ESTIMATED BILLS
Core costs used in yield management options:
Gas & electricity: up to £200 pcm / £2,400 pa
Water: £45 pcm / £540 pa
Broadband: £30 pcm / £360 pa
Insurance allowance: £200 pa
Total core bills: up to £3,500 pa
IMPORTANT INFORMATION
A full information pack is available on request, comprising:
Property Compliance:
✓ EICR – passed
✓ EPC – rating C
✓ HMO licence – current
✓ Gas safety inspection – passed
✓ Emergency lighting inspection – passed
Legal & Search Pack:
✓ Official local authority search
✓ Environmental report
✓ Drainage & water report
✓ Chancel – no liability record
Documents available on request. †Pass status reflects the supplied inspection records; purchasers should verify renewal and currency before reliance.
LOCATION AND INVESTMENT EVIDENCE
Abingdon Road lies in central Middlesbrough, close to Teesside University and the town centre. The location supports demand from students and young professionals and provides access to local amenities and transport connections.

Return on Capital Employed (ROCE) Calculator

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Property Price

Mortgaged

Cash Purchase

Deposit

£0.00

25%

£470,000.00

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£3,000.00

£3,000.00

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£2,365.00

£2,365.00

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£28,380.00

£28,380.00

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