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Costa Street

Teeside, Middlesbrough

£93,000

  • 3 bedroom terrace
  • Net yield of  9.7%
  • Current sitting tenant
  • Strong rental growth potential
  • Popular residential location
  • EPC: D

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Middlesbrough, Teeside

Terraced | £93,000 | Freehold 
INVESTMENT AT A GLANCE
  • Asking Price: £93,000
  • Current Rent: £750 PCM
  • Current Annual Income: £9,000
  • Current Gross Yield: 9.7%
  • Potential Rent: £825 PCM
  • Potential Gross Yield: 10.6%
  • EPC: D
  • Tenure: Freehold
  • Tenant in Situ: Approx. 3 years
RENTAL UPSIDE
The current rent of £750 PCM provides a gross yield of 9.7%.
Subject to market conditions and the existing tenancy, there may be scope to increase the rent to approximately £825 PCM, producing:
£9,900 annual income | 10.6% gross yield
HMO UPSIDE
The property was previously operated as a 4-bedroom HMO, providing an alternative strategy for investors seeking to maximise rental income.
At an estimated £300 PCM per room:
£1,200 PCM | £14,400 PA
This equates to an indicative 15.5% gross yield.
Allowing 20% for running costs gives:
£11,520 PA | 12.4% indicative net yield
Subject to licensing, compliance, demand and achievable rents.
LICENSING
The property is located within the Newport 2 Selective Licensing Area, meaning the relevant selective landlord licence applies to private rental properties.
The property has previously operated as a 4-bed HMO. Buyers should independently confirm the current HMO, planning and licensing requirements with Middlesbrough Council before pursuing this strategy.
WHY INVEST?
Immediate Income
Established tenant paying £750 PCM.
Strong Yield
9.7% current gross yield with potential to reach 10.6%.
HMO Potential
Previous 4-bed HMO use with projected 15.5% gross yield.
Low Entry Price
£93,000 purchase price provides an attractive entry point for investors.
Multiple Strategies
Retain the existing tenant, increase the rent, or explore the HMO model.
THE OPPORTUNITY
£93,000 PURCHASE PRICE
9.7% Current Gross Yield
10.6% Potential Single-Let Yield
15.5% Potential HMO Gross Yield
12.4% Indicative HMO Net Yield
A tenanted investment with immediate income and genuine potential to enhance returns.

Return on Capital Employed (ROCE) Calculator

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Property Price

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25%

£93,000.00

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£3,000.00

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