GROSS RENT PER ANNUM
Rent per annum is the total sum of annual income before expenses, charges or voids.
GROSS RENTAL YIELD
Gross rent per annum divided by the purchase price.
NET RENT PER ANNUM
Gross rent per annum minus fully managed operating costs.
NET RENTAL YIELD
Gross rent per annum minus fully managed operating costs divided by the purchase price.
FULLY MANAGED OPERATING COSTS
The total estimated sum of expenses calculated annually assuming a fully managed service.
Click to understand assumptions.
Profit & Growth
ANNUAL (PRE-TAX) PROFIT
Annual (pre-tax) profit is your annual net cash flow that is calculated by subtracting your estimated fully managed operating costs and your mortgage repayment costs from your gross rent annually.
Click to understand assumptions.
HPI GROWTH (PREV 5 YRS)
The House Price Index (HPI) is the average property value change based on the previous 5 years from Zoopla House Prices & Values.
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.
1 reception room
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.
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.
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