Buy to Let Property

Property Investment Stockton-on-Tees County Durham

From: £57,995
9.66% net yield
Tenanted property
Immediately available for purchase
Recently renovated
Immediate income

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Two-bedroom terrace house for sale in Stockton-on-Tees County Durham


Two-bedroom property in Stockton-on-Tees. Occupied and achieving a rental income of £525pcm or 9.66% net yield.

Key Figures

£57,995
Starting Price

9.66%
Net Yield

Q2 2021
Completion Date

Investment Details

Property for sale in Stocton-on-Tees


Two bedroom terrace property for sale on Norfolk Street in Stockton-on-Tees.

The property has been recently refurbished to include a new fitted kitchen and bathroom, a new boiler and roofing. New carpets are currently being fitted and the property is on the market for £57,995.

Investment highlights

  1. Purchase price £57,995
  2. Fully tenanted
  3. 9.66% net yield
  4. Immediately available for purchase
  5. Recently refurbished
  6. Two-bedroom terrace property
  7. Immediate income
  8. Potential for capital growth

The property is currently being let as social housing. This means it is a 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.

The Numbers

Ground Rent:

Number of Units:1

Service Charge:£630 p/a

Prices:£57,995

Leasehold:Freehold

Stockton High Street
Castlegate Shopping Centre
Ropner Park
  1. Two bed terrace house
  2. Brand new boiler and radiators
  3. New kitchen and bathroom
  4. All new skirting boards
  5. All new carpet throughout (just getting fitted)
  6. Roofing all done
  7. Fully let now £525pcm
  8. Purchase Price: £57,995
  9. Net Yield: 9.66%

Cash-only purchase of £57,995

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