Shetland Avenue, TS17
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
3
- BATHROOMS
2
- SIZE
850 sq ft
79 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- THREE BEDROOMS
- SEMI DETACHED
- FREEHOLD
- GARAGE
- DRIVEWAY
- COUNCIL TAX BAND B
- REAR GARDEN
- DOWNSTAIRS W/C
- SPACIOUS LIVING
Description
A fantastic opportunity to purchase a residential property located in the popular area of Thornaby. This well-presented property offers an excellent investment opportunity, with a tenant already in situ, generating a rental income of £800 per calendar month.
The property features a welcoming hallway leading to the spacious reception room, a modern kitchen, and a ground floor W/C. The first floor offers three bedrooms and a well-proportioned family bathroom.
Externally, the property includes a beautiful garden with decking, ideal for outdoor activities, a driveway for one vehicle, and a garage for additional storage.
Location
This spacious three-bedroom semi-detached property is located on Shetland Avenue, in Thornaby, Stockton-on-Tees, TS17 8GB. Situated in a sought-after residential area of Thornaby, the property enjoys proximity to various local amenities, including supermarkets, Teesside Retail Park, gyms, and primary and secondary schools, all within walking distance.
Thornaby train station is just 1.3 miles away, and access links to the A66 and A19 are nearby. The area also boasts parks and green spaces, providing a pleasant environment for outdoor activities and relaxation.
Property Specifics
Type: Residential property suitable for investors or potential owner-occupiers.
Layout: The property includes a spacious living area, modern kitchen, three bedrooms, a family bathroom, and a ground floor W/C. (Floor plan available soon)
Tenant in Situ: The property is currently tenanted, providing immediate rental income of £800 pcm.
Outdoor Space: Features a private garden with decking, a driveway to the front for one vehicle, and a garage for extra storage.
Transport Links: Conveniently located near major road networks and public transport, offering easy access to Stockton and Middlesbrough.
Council Tax Band
Band B - £1,830 payable per year to Stockton Borough Council
EPC Rating
The most recent EPC survey awarded a rating of C (79), with the potential to increase to B (91)
Investment Purchase, ROI
This property presents an attractive investment opportunity:
Annual Rental Income: £9,600 (£800 pcm) with potential to increase to approximately £12,000 (£1,000 pcm), based on local market averages.
Potential Gross Yield: Currently approximately 5.49%, with the potential to increase to 6.86% if rent is raised to £1,000 pcm.
Long-Term Tenancy: The current tenant provides immediate and stable income for investors.
Future Rental Potential: Increasing the rent aligns with local averages, enhancing the property's long-term investment value.
New Property Images and Virtual Tour
New property images and a virtual tour will be available soon, providing a comprehensive view of the property for prospective buyers and investors.
Investors: Benefit from a stable rental income with a consistent tenant who has an excellent payment record and would be a credit to any purchaser.
Owner/Occupier: The property offers a perfect home for singles, couples or families. The tenant would allow the property to be sold with vacant possession, if required.
Viewing
For further information or to arrange a viewing, please contact our Middlesbrough Office and speak with our Residential Team on (option 1).
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Garage,Driveway
- GARDENA property has access to an outdoor space, which could be private or shared.
- Front garden,Back garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Shetland Avenue, TS17
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About Magnum Properties Ltd, Middlesbrough
144 Linthorpe Road, Middlesbrough, TS1 3RA
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Visit our security centre to find out moreDisclaimer - Property reference 29ShetlandAvenue. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Magnum Properties Ltd, Middlesbrough. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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