High Yielding 2 Bed House in Middlesborough returning 14.8% Rental Guarantee Available £37,000

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High Yielding 2 Bed House in Middlesborough returning 14.8% Rental Guarantee Available £37,000

2 bedroom plus attic room Mid terrace house which has recently undergone a programme of refurbishment. Property is located within 5 mins drive of Middlesbrough city centre with all local facilities available close by.
The property briefly comprises of entrance hall, living room, dinning room kitchen, Bathroom, first floor landing, 2 bedrooms and attic room. The property has double glazed windows and a gas combi central heating system.
Sold Comparables;
29 Peaton Street TS3 Completed June 2016 £38,000
Magdalan street TS3 SSTC October 2016 Offers Over £45,000

Rental figures
Property is rented at a value £100.00 per week £5,200 per annum
Yield 14.8 %
Management
The property is currently managed by G and G Lettings Middlesbrough the charge for their service is 10% per month on collected rents.
They are so confident this property will remain tenanted they are offering a personal rental guarantee for 1 year. This is income based only and does not cover maintenance or gas certification.
A deposit of £2,000 is required to reserve this property and move it from the market. We would anticipate completion would take no longer than 21 Days from contract.
Please contact us for further information

Number of Bedrooms 2
Type of Property House
Price - For sale 37,000
Country United Kingdom
State/Province England
distance: 222 Miles
Address city centre near Middlesbrough
Category