Zetland Road, Stockton-On-Tees, Durham, TS19
- PROPERTY TYPE
Terraced
- BEDROOMS
4
- BATHROOMS
1
- SIZE
1,037 sq ft
96 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
- Four bed HMO property
- Expected rental income of £20,520pa
- Freehold, refurbished property
- Gross yield of 24.14% and net of 13.16%
- Immediate income generated
- Well priced to sell
Description
This freehold terraced property presents a ready-to-go investment opportunity in one of Stockton-on-Tees' consistently strong rental markets. Configured as a four-bedroom shared house with one bathroom, the property has been refurbished prior to being rented and benefits from no HMO licence requirement under the local authority for four-bedroom houses.
With three rooms currently let to long-term tenants and the fourth actively marketed, this is a low-maintenance, high-return property ideal for investors looking for immediate income.
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Key Features
* Freehold Terraced House - no ground rent or leasehold costs
* Four Generously Sized Bedrooms - one modern shared bathroom
* Recently Refurbished - reducing maintenance overheads
* No HMO Licence Required - lower compliance costs
* Strong Rental Demand - long-term tenants in place
* High-Yielding Investment - 24% gross yield, 13% net yield
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Rental Income Breakdown
Room Rent (pcm) Status
Room 1 £485 Long-term tenant
Room 2 £325 Long-term tenant
Room 3 £450 6-month contract signed 7th August
Room 4 £450 Vacant from the end of August - currently marketed
Total Potential Rent: £1,710 pcm / £20,520 pa
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Outgoing Costs
Cost pcm Annual
Council Tax £158 £1,896
Gas & Electric £300 £3,600
Internet £40 £480
TV Licence £9.75 £117
Water £142 £1,704
Weekly Cleaning £128 £1,536
Total Outgoings: £777.75 pcm / £9,333 pa
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Financial Summary
* Gross Annual Income (Fully Let): £20,520
* Net Annual Income: £11,187
* Gross Yield: 24.14%
* Net Yield: 13.16%
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- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Zetland Road, Stockton-On-Tees, Durham, TS19
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Visit our security centre to find out moreDisclaimer - Property reference Zetland-Road-Stockton-on-Tees. 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 Pure, Manchester. 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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