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Albert Terrace, Middlesbrough TS1 Terraced house for sale
Albert Terrace, Middlesbrough, TS1
£120,000
Albert Terrace, Middlesbrough, TS1
£120,000
Our Summary
- An excellent investment opportunity to create a House of Multiple Occupancy (HMO) in this large, three-storey Victorian townhouse
- Currently divided into two self-contained flats, this property offers significant potential for conversion into a 6-7 BEDROOM HMO, subject to the necessary planning permissions
- Development Potential:This property offers a prime opportunity to maximize rental income through conversion into an HMO
- Viewings are highly recommended to appreciate the full potential of this property
Description
This is a Victorian townhouse in Middlesbrough, within walking distance of the university, offering a rare investment opportunity to convert it into a 6-7 bedroom House of Multiple Occupancy (HMO). Currently divided into two self-contained flats, the property has significant potential for renovation and expansion, subject to planning permissions. The ground floor flat is well-presented and fully self-contained, while the first and second floors offer three bedrooms and a shower room. With its high ceilings, original Victorian features, and spacious rooms, this property is well-suited for conversion into a high-demand rental property. Viewings are highly recommended to appreciate the full potential of this property, which offers a potential yield of 24%.