11 bed HMO generating £51,220 per year

Location: Middlesbrough, Teesside

Price: £365,000

Discount: Included

In terms of yield, HMOs don’t get much better than this… Today we can offer an opportunity to secure a £51,220 per year income from this large 11 bed HMO.

It’s a substantial double fronted property on an attractive road in the centre of Middlesbrough and is roughly 350 yards from the Teesside University campus.

The property is rough around the edges but there is potential and the cash flow figures are undoubtedly extremely attractive.

Location wise, it’s perfect for a HMO. All rooms are currently let, with a mix of LHA / professional tenants.

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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.

Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.