Lot
143
Auction Ends: 04/12/2024 17:00 - Bidding opens Tuesday 3rd December 10:00 AM

5 Park Road North, Middlesbrough, North Yorkshire, TS1 3LF

Property Details
Location
Description
A part let residential investment opportunity comprising a substantial semi detached period property currently arranged as a 9 bedroom HMO. The accommodation is arranged over ground, first and second floors and we understand that 4 of the bedrooms are currently let providing an annual equivalent rental income of £17,400. There is further scope to increase the rental income upon the occupation of some of the remaining 5 vacant bedrooms and we estimate the ERV to be in the region of £40,000-£45,000p/a. The property is in reasonable internal order and benefits from en-suites to all bedrooms, double glazing and central heating (not tested).
Location
The property fronts onto Park Road which is accessed via Linthorpe Road opposite Ayresome Gardens and close to Albert Park. Teeside University and Middlebrough town centre are both within easy walking distance.
Accommodation

Ground FloorKitchen, Laundry Room, Bedrooms x 5 (5 x en-suite)
First FloorKitchen, Bedrooms x 3 (3 x en-suite)
Second FloorLiving Room, Bedrooms x 2 (2 x en-suite)

Tenancy

Room 1

£368pcm

Room 2£325pcm
Room 3Vacant
Room 4Vacant
Room 5Vacant
Room 6Vacant
Room 7£368.33pcm
Room 8£390pcm
Room 9Vacant
Room 10Vacant

Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 3RD DECEMBER AND CLOSES ON WEDNESDAY 4TH DECEMBER.

3. Energy Performance Certificate = E

4. A HMO licence for a maximum of 9 people was issued on 2nd June 2024 by Middlesbrough Council
Addendum
The accommodation comprises 10 bedrooms but the current HMO licence is in place for a maximum of 9 people.

Our Nearest Office

Newcastle 600x300

Newcastle

You may also like

133

109 Park Lane, Middlesbrough, North Yorkshire, TS1 3LN

Auction Ends: 04/12/2024

Guide Price: £46,000 plus

134

15 Aske Road, Middlesbrough, North Yorkshire, TS1 4DA

Auction Ends: 04/12/2024

Guide Price: £50,000 plus

135

26 Stowe Street, Middlesbrough, North Yorkshire, TS1 4ND

Auction Ends: 04/12/2024

Guide Price: £50,000 plus

136

36 Stowe Street, Middlesbrough, North Yorkshire, TS1 4ND

Auction Ends: 04/12/2024

Guide Price: £45,000 plus

137

261 Union Street, Middlesbrough, North Yorkshire, TS1 4EF

Auction Ends: 04/12/2024

Guide Price: £50,000 plus

138

36 Albert Terrace, Middlesbrough, North Yorkshire, TS1 3PB

Auction Ends: 04/12/2024

Guide Price: £100,000 plus

139

39 Harford Street, Middlesbrough, North Yorkshire, TS1 4PR

Auction Ends: 04/12/2024

Guide Price: £44,000 plus

140

84 Pelham Street, Middlesbrough, North Yorkshire, TS1 4DJ

Auction Ends: 04/12/2024

Guide Price: £41,000 plus

144

37 Garnet Street, Middlesbrough, North Yorkshire, TS1 4DN

Auction Ends: 04/12/2024

Guide Price: £45,000 plus

Search Available
Online Auctions
Search online auction icon
Guide to
Buying at Auction
Buying guide icon
Guide to Selling
Your Property
Selling guide icon
Sign Up For
Auction Alerts
Alert icon