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

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

Property Details
Location
Auction Details
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.

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