Stockton, TS20 1TB | Investment Property for Sale | VES-TS20-111

Opportunity to buy 2-bed tenanted investment property generating £6,300 pa and a yield of 5.5% in Stockton

£115,000

Semi-Detached House

VES-TS20-111

INITIAL INVESTMENT

£52,040

GROSS RENT / YIELD

£6,300 / 5.5%

NET RENT / YIELD

£4,598 / 4.0%

The property

TENANCY

Tenanted

TENURE

Freehold

2 bedrooms

1 bathroom

1 reception room

505

Unfurnished

Tenancy

RENT

£6,300 p.a. / £525 pcm

TENANCY DEPOSIT

£625

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

14 months ago

TENANCY AGREEMENT ENDS

11/27/2019

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£6,300

Equivalent of £525 per calendar month (PCM).

GROSS RENTAL YIELD

5.5%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£4,598

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.0%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£1,702

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

About Norton, in Stockton-on-Tees

This property is located in the highly regarded village of Norton, in Stockton-on-Tees. It is situated 5.7 miles north-west form Middlesbrough, 20.5 miles south-east from Durham and 26.8 miles south from Sunderland.

Norton benefits of a regular running bus service with a bus stop within 500 yards of the property connecting to Middlesbrough, town centre and the local schools, with the nearest railway station Stockton just a 20-minute bus journey away. Stockton Station is situated on the Durham Coast Main Line, which operates from Newcastle Central to Middlesbrough. Hourly services run in each direction from this station.

It is within walking distance of a local park and Roseberry Topping National trust at 6 miles distance and has access to a variety of local shops and several major supermarkets, a good choice of pubs and restaurants, the Tees Entertainment Centre offering indoor and outdoor activities and the Magnum Entertainment Centre offering regularly events.

This property could be perfect for a young family seeking school options for their young children. The Glebe Primary School is around 13-minutes away on foot and offers mixed-sex education to the age of eleven.

The existing landlord advises that the property and location is in an area of high rental demand and rents in a matter of days when a tenancy concludes, resulting in minimal void periods.

Heworth Drive,

Stockton-on-Tees,

Stockton-on-Tees,

England,

TS20 1TB

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