Initial price	£150,000
13/02/25	£125,000
14/02/25	£120,000
Price Change	-20.00%

This is a 5-bedroom Housing of Multiple Occupancy (HMO) property located on Victoria Road in Middlesbrough, TS1 3HX. The property is being sold by unconditional online auction on February 26, 2025, with a guide price of £120,000-£160,000 plus a 5% buyer's premium or a minimum of £5,000 + VAT. The property is partially let, generating £350 per calendar month, with a current gross yield of 2.71%. With a potential for full occupancy at market rent, the projected gross yield increases to 13.55%. The property offers a prime location, close to key transport links, shops, and universities, making it an attractive investment opportunity for those looking to generate high returns. The property can be converted to a long-term single tenancy or continued as a HMO, offering flexibility for investors. With a potential for capital growth and rental uplift, this property presents a strong investment opportunity.