Borough Road, Middlesbrough, North Yorkshire, TS1
By Bridgfords
£ 290,000
Reviews
2 out of 5 stars
Bridgfords says ..
Ideal investment opportunity boasting an incredible yield on both Commercial with added residential units above, comprising of shop to ground floor, and 4 double rooms sharing one kitchen and one bathroom. This property boasts potential for further development to either 6 En-suite self-contained ...
Property Oracle says ..
This property, located on Borough Road in Middlesbrough, presents itself as a potential investment opportunity. Its central location, close to Teesside University, makes it ideally suited for student rental or a conversion into a HMO (House of Multiple Occupancy), capitalizing on the high demand for student housing in the area. The five bedrooms offer significant rental potential, although the images suggest the property could benefit from some cosmetic enhancements. The condition of the property is reasonable; however, potential buyers will want to conduct a full survey to assess the overall condition. While the lack of external space may be a limitation, for the right investor, the central Middlesbrough location and potential rental yield make this an attractive option. However, the overall market conditions in Middlesbrough and the need for some potential refurbishment must be carefully considered before committing to a purchase. The absence of square footage information hinders a thorough analysis of price per square foot, but the price point seems within the typical range for comparable properties in the area, considering their mixed-use nature.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 1
- Bedrooms
- 5
- Bathrooms
- 2
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 487,124.00 £Increased by 94.35 %
- Average area rental value
- 1,220.00 £/moIncreased by 6.46 %
- Est rental Yield
- 3.01 %Decreased by 45.17 %
- Crime Rate
- 18.00 %Unchanged by 0.00 %
Agent Activity
Bridgfords created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Teesside University | Higher Education Institutions | Outstanding | 0.50 KM |
| Ayresome Primary School | Academy Sponsor Led | 0.84 KM | |
| Newport Primary School | Foundation School | Good | 0.92 KM |
| Abingdon Children'S Centre | Children's Centre | 1.19 KM | |
| Sacred Heart Primary School | Academy Converter | Good | 1.22 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Borough Road | £ 390,000 | 0 | 0.00 KM |
| Davison Street | £ 0 | 0 | 0.00 KM |
| Princes Street | £ 91,238 | 0 | 0.00 KM |
| Johnson Street | £ 0 | 0 | 0.00 KM |
| Newport Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Middlesbrough | 7929 | MBR | 0.82 KM |
| James Cook University Hospital | 9507 | JCH | 4.11 KM |
| Marton | 7947 | MTO | 5.52 KM |
| Billingham | 7910 | BIL | 5.76 KM |
| South Bank | 7953 | SBK | 7.00 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Borough Road, Middlesbrough, North Yorkshire, TS1 | £ 290,000 | BUY | 5 / 10 | 0.00 KM |
| Borough Road, Middlesbrough | £ 295,000 | BUY | 6 / 10 | 0.01 KM |
| Borough Road, Middlesbrough | £ 280,000 | BUY | 6 / 10 | 0.05 KM |
| Borough Road, Middlesbrough | £ 290,000 | BUY | 6 / 10 | 0.06 KM |
| Borough Road, Middlesbrough, North Yorkshire, TS1 | £ 590,000 | BUY | 5 / 10 | 0.06 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 34 - 36 Borough Road | £ 375,000 | 0.02 KM |
| 47 Borough Road | £ 50,000 | 0.04 KM |
| 59 St Aidans Drive | £ 47,500 | 0.07 KM |
| 74 St Aidans Drive | £ 60,000 | 0.07 KM |
| 4 Amber Street | £ 15,000 | 0.09 KM |