JOSEPH HARRIS ESTATE AGENTS LTD says ..

Property Oracle says ..

This two-bedroom terraced house in central Middlesbrough presents itself as a potential investment opportunity. Its location near Teesside University is a key selling point. The current tenant is already generating a rental income of £500 per month, which provides an immediate return on investment for buyers. The property’s condition is fair; it appears habitable but could benefit from some modernisation and updating to enhance its appeal. While the interior decor might need work, it is livable. The absence of information regarding plot size or exact square footage makes it difficult to make a comprehensive assessment of price per square foot. However, given the presence of a tenant, the asking price of £70,000 is within the range of similar properties in the area. Potential buyers should carefully consider the necessary updates and factor that into their overall assessment of the property’s value. A full survey is recommended before purchasing. Investors should also research the rental market further to fully assess the potential returns. The property’s central Middlesbrough location, proximity to Teesside University, and existing rental income give it strong potential as a rental investment, but its condition should be fully assessed before committing to a purchase.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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