Corporation Road, Middlesbrough, North Yorkshire, TS1
XS

Corporation Road, Middlesbrough, North Yorkshire, TS1

By XSELL PROPERTY LTD

£ 35,000

Reviews

2 out of 5 stars

XSELL PROPERTY LTD says ..

**FULLY TENANTED INVESTMENT OPPORTUNITY WITH 10% NET YIELD**

Property Oracle says ..

This studio apartment in Middlesbrough, North Yorkshire, is presented as an investment opportunity. The listing highlights its central location near Middlesbrough train station, Teesside University, and Middlesbrough College, making it attractive for students and young professionals seeking rental accommodation. The property itself appears modern and well-maintained, based on the provided images. The communal facilities, including a cinema room and games area, might be a selling point for tenants. However, the absence of key data, such as the square footage of the apartment and more specific details about rental income streams, leaves some gaps in a thorough evaluation. The listing’s emphasis on high yield also raises questions regarding the underlying management fees associated with such investment properties, which would need to be taken into account to determine its overall profitability. The proximity to various amenities and educational institutions positively impacts the rental potential, but the lack of specific information about the apartment’s size and lease agreement prevents an accurate assessment of its value for money. The surrounding area’s reputation is a mixed bag and also needs to be considered. Therefore, potential buyers should conduct thorough due diligence, including viewing the property in person, before making a purchase decision. The lack of details on lease information and apartment square footage heavily impact this evaluation.

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
6
Condition
8
Location
7
Land
1
Bedrooms
0
Bathrooms
1

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 %
from 250,641.00 £
Average area rental value
1,220.00 £/mo
Increased by 6.46 %
from 1,146.00 £/mo
Est rental Yield
3.01 %
Decreased by 45.17 %
from 5.49 %
Crime Rate
22.00 %
Unchanged by 0.00 %
from 22.00 %

Agent Activity

  • XSELL PROPERTY LTD created the listing.

Nearby Schools

NameTypeOfstedDistance
Outwood Academy RiversideFree Schools0.46 KM
Middlesbrough CollegeFurther EducationGood0.54 KM
Teesside UniversityHigher Education InstitutionsOutstanding0.59 KM
Abingdon Primary SchoolFoundation SchoolGood0.64 KM
Abingdon Children'S CentreChildren's Centre0.68 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Oak Street £ 000.00 KM
Hazel Court £ 000.00 KM
Albert Road £ 000.00 KM
Bright Street £ 223,33300.00 KM
Bolckow Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Middlesbrough7929MBR0.50 KM
James Cook University Hospital9507JCH3.68 KM
Marton7947MTO5.07 KM
South Bank7953SBK6.10 KM
Billingham7910BIL6.28 KM

Nearby Listings

AddressPriceTypeScoreDistance
Corporation Road, Middlesbrough, North Yorkshire, TS1 £ 27,500BUY6 / 100.00 KM
Corporation Road, Middlesbrough, North Yorkshire, TS1 £ 35,000BUY6 / 100.00 KM
Flat , Rede House, - Corporation Road, Middlesbrough £ 27,000BUY5 / 100.00 KM
63-75 Corporation Road, Middlesbrough, TS1 £ 28,000BUYUnknown0.00 KM
Corporation Road, 6-15 Rede House £ 35,000BUY6 / 100.01 KM

Nearby Properties

AddressPriceDistance
9 Hazel Court £ 65,0000.30 KM
29 Montrose Street £ 70,0000.32 KM
20 Montrose Street £ 70,0000.32 KM
28 Montrose Street £ 67,0000.32 KM
2 Montrose Street £ 110,0000.32 KM