Social Housing Investment - Stockon-on-Tees
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Recently renovated two-bedroom terrace property
Two-bedroom social housing property in the North Yorkshire town of Stockton-on-Tees. Newly renovated and already tenanted, it is immediately available for purchase.
Key Figures
£61,000Starting Price
9.6%Net Yield
Q1 2021Completion Date
Investment Details
An opportunity has arisen to invest in a two-bedroom terrace house on Grove Street, in Stockon-on-Tees.
The property is a well presented having recently undergone extensive refurbishment, and is on the market for £61,000. It is already tenanted and rents at £550 per calendar month.
Recent terraced houses in the TS18 post code have sold for just under £70,000 according to NetHousePrices.
Social Housing North Yorkshire Investment Fundamentals
- Purchase price £61,000
- Fully tenanted
- 9.6% projected yield
- Immediately available for purchase
- Newly renovated
- Two-bedroom terrace property
What is social housing?
Property that is made available to tenants who receive income support such as housing allowance or universal credit. These types of tenants may be in part time employment and just need a little support from government subsidies.
The demographics of TS18 Stockton-on-Tees post code include a larger number of tenants with this profile than the average UK post code.
If this sounds of interest and you have the cash funds available for immediate purchase, then please do get in touch.
The Numbers
Ground Rent:
Number of Units:1
Service Charge:
Prices:£61,000
Leasehold:
- Newly renovated
- Two bedroom terrace property
- Cushion flooring to bathroom, kitchen and entrance
- Bay windows
- Fitted kitchen
Cash-only purchase of £61,000
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