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Borough Road

Middlesbrough, Teeside

£240,000Offers Over

  • Six bed, fully licenced HMO property
  • Current net yield of 10.4% potential to achieve 11%
  • 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

Six Bed HMO | Offers Over £240,000 | Freehold

PROPERTY OVERVIEW
A six-bedroom, three-storey end-terrace HMO in central Middlesbrough, close to Teesside University and the town centre. Freehold, with two shared bathrooms across 1,559 sq ft. EPC rated D. Double glazing throughout and gas central heating, with a well-maintained boiler and timed thermostat.
KEY FACTS
  • Bedrooms: 6
  • Bathrooms: 2
  • Floor area: 1,559 sq ft
  • Tenure: Freehold
  • EPC: D
  • Gross passing rent: £28,380 pa
  • Asking price: £240,000
  • Gross yield (passing rent): 11.8%
ANCILLARY INCOME
A separate double garage to the rear (electric roller shutter) offers potential income of £400 pcm (£4,800 pa). The property’s prominent corner position also presents a billboard signage opportunity on the side elevation – an offer of £100 pcm (£1,200 pa) has already been received, subject to all required consents.
POTENTIAL REVENUE SUMMARY
  • Room rent at £400/room: £2,000 pcm / £24,000 pa
  • Double garage (potential): £400 pcm / £4,800 pa
  • Billboard signage (offer received): £100 pcm / £1,200 pa
  • TOTAL: £2,500 pcm / £30,000 pa
CORE ANNUAL RUNNING COSTS (up to)
  • Gas & electricity: £200 pcm / £2,400 pa
  • Water: £45 pcm / £540 pa
  • Broadband: £30 pcm / £360 pa
  • Insurance allowance: £200 pa
  • Total: £3,500 pa (no management charge included)
NET YIELD
  • On current passing rent (£28,380 pa) less core bills: £24,880 pa → 10.4%
  • On potential revenue (£30,000 pa) less core bills: £26,500 pa → 11.0%
CONDITION & SAFETY
Property in good repair. Brand-new furniture included. Emergency fire lighting in place. Wired smoke alarms.
ENERGY & AMENITIES
Double glazing throughout (incl. front/rear doors). Roller-door garage. Well-maintained boiler with timed thermostat. LED lighting and energy-efficient appliances.
MARKET CONTEXT (Middlesbrough / North East & UK forecasts)
  • 5-year property price growth: +22.4% (to Jun 2026); forecast +23.9% (North East, to 2030)
  • 5-year private rent growth: +32.6% (to Jul 2026); forecast +12.0% (UK mainstream, to 2030)
  • Conservative 5-year revenue illustration: c. £2,740 pcm / £32,880 pa (room rent grown to £2,240 pcm; garage and signage held flat)
INFORMATION PACK AVAILABLE

EICR, EPC, HMO licence, gas safety records, emergency lighting records, local authority search, environmental report, drainage & water report, chancel search, title plan & floorplan.

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