For Sale2 Bedroom Terraced House in Union Street, Middlesbrough, TS1 4EF£120,000

This property features two self-contained flats, making it an excellent addition to any property portfolio. - Ground Floor Flat: This unit comprises two bedrooms, each with its own en-suite bathroom, along with a spacious living area and a fully equipped kitchen. - Upstairs Flat: This flat includes one bedroom with an en-suite bathroom, a living area, and a kitchen. Current Tenancy and Income: - Fully Tenanted: Both flats are occupied with tenants on 12-month Assured Shorthold Tenancies (ASTs). - Gross Annual Income: £16,440 before bills. - Net Annual Income: £14,280 after accounting for bills, equating to £1,190 per month. - Bill Cap: Rent includes bills up to £15 per room per week. Yield and Investment Potential: - Yield: An impressive 11.9%, reflecting the strong return on investment. - Ideal for expanding your property portfolio. This property offers a robust income and high yield, making it a prime candidate for any investor seeking a reliable and profitable addition to their portfolio.