ROI = 12% BMV = 9.91%
Description

Progression Property welcome to the market a fantastic renovation opportunity for a first time buyer or investor! Located on the first floor, this apartment is looking for a new owner who wishes to undertake a project to let out in the future, this apartment is expected to generate a circa £475pcm. An ample spaced living room is visible as you enter the apartment, which has a cupboard on the right hand side has the electrics situated and a system boiler upstairs. As well as the spacious living room, in situ is a well presented kitchen that benefits from grey wall splash tiles, cooker and sink. As you enter upstairs from a spiralled staircase, there is a generous bedroom space which benefits from a skylight window which allows plenty of sunlight through, situated, is also the bathroom which has a bath, standing shower and sink. The bathroom does have tiles throughout on the walls and floor space and has two large mirrors. Nearby is Middlesbrough town centre, plenty of hospitality outlets and James Cook Hospital. Service charge is to be payable by the new owner, the prices are as following; Ground rent per year £200 Service charge per year £167 125 years left on lease If you require anymore information, please contact Progression Property on . Living Space - A generous space which has French doors leading to the view of the front of the property Kitchen - Situated in the living room, a beautifully presented kitchen which has grey wall splash tiles, cooker and sink. First Floor - Ample spaced first floor which has a skylight window that allows plenty of natural sunlight through and has scope to put furniture in multiple positions. Bathroom - A tidy presented bathroom which is tiled on the floor and wall, currently has a bath, standing shower, toilet and sink. Also, two large mirrors. The bathroom has plenty of manoeuvrability.

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Property Details
  • Property ID: 152860058
  • Added On: 2024-09-24
  • Deal Type: For Sale
  • Property Price: £50,000
  • Bedrooms: 1
  • Bathrooms: 1.00
Amenities
  • LOCATED IN TS5
  • NEARBY TO JAMES COOK HOSPITAL AND HOSPITALITY OUTLETS
  • GREAT FIRST TIME BUYER AND STUDENT OPPORTUNITY
  • FANTASTIC INVESTMENT OPPORTUNITY
  • QUIET LOCATION
  • RENOVATION OPPORTUNITY
  • ESTIMATED MONTHLY RENTAL INCOME CIRCA £475PCM