6 Week's Completion

A freehold 5 bedroom terraced property situated on Abingdon Road in central Middlesbrough. The property is arranged as a fully licensed HMO and is offered for sale subject to the existing tenancies.

Refurbished and furnished throughout, the property is capable of producing approximately £2,500 per calendar month (£30,000 per annum) at full occupancy and £500 per room. This represents a 13.64% gross yield at the guide price, offering an excellent ready-made investment opportunity. Indicative net income* is approximately £26,500 per annum, or £2,208 per month.

With strong rental demand from students and professionals, and evidence in the legal pack of a tenancy at £533 per month at neighbouring 13 Abingdon Road, purchasers have a useful comparable for assessing the potential to improve rental income. Achieving £533 across all five rooms would produce approximately £31,980 per annum, representing a 14.54% gross yield.

Indicative net income* at that level would be approximately £28,480 per annum, or £2,373 per month—an additional £1,980 per year.

Annual rent reviews offer further asset-management potential. An illustrative increase of 3–5% from £500 per room would add approximately £900–£1,500 to annual gross income at full occupancy, subject to market evidence, tenancy eligibility and the statutory notice process.

The accommodation briefly comprises an entrance hall, communal reception room, fitted kitchen and two bedrooms with en-suite shower rooms to the ground floor. To the first floor are three further bedrooms, two with en-suite shower rooms, together with a separate shower room serving the remaining bedroom.

The property benefits from gas central heating, double glazing, a fire alarm and emergency lighting system. Externally, there is an enclosed yard to the rear.

The property holds a current Middlesbrough Council HMO licence for five persons in five households. A compliance pack containing the HMO licence, EICR, gas safety certificate and fire risk assessment is available.

Abingdon Road is located within the popular Gresham area of Middlesbrough, approximately half a mile from Teesside University and the town centre. Local shops, takeaways and bus services are available along nearby Borough Road, with the Cleveland Centre and Middlesbrough railway station also within easy reach. The A66 provides convenient access to the A19, Stockton and the wider Teesside area, while James Cook University Hospital is approximately two miles away.

Neighbouring 13 Abingdon Road is also available as a separate lot in the same auction, offering the opportunity to acquire two adjoining five-bedroom HMOs and potentially simplify management and maintenance. Securing both requires successful bidding for each lot.