Newbury Way, Billingham, Stockton on Tees, TS23
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- BATHROOMS
1
- SIZE
Ask agent
- 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
- Being sold with the current tenant in situ
- Current gross yield of 8.14% with potential returns of 10.29%
- Popular residential location
- Annual rental income of £5,700 with potential of £7,200
- Hands off investment seeking immediate returns
- Fully managed service available
Description
Key Details
* Property Type: 3-Bedroom Mid-Terrace
* Tenure: Freehold
* Asking Price: £70,000
* Bedrooms: 3
* Bathrooms: 1 + Downstairs W/C
* Condition: Good condition throughout
* Tenant Status: Current tenant up to date on rent and exemplary
* Tenancy Term: Fixed until January 2026
Financial Summary
* Current Rental Income: £475 per calendar month (£5,700 per annum)
* Current Gross Yield: 8.14%
Market Rental Potential: £600 per calendar month (£7,200 per annum)
* Projected Gross Yield: 10.29%
Investment Highlights
- Attractive Yield: With strong rental returns and a low entry price, this property offers an excellent yield profile - both at current rent and projected market levels.
- Solid Tenancy: The current tenant has demonstrated excellent payment history and is contracted until January 2026, ensuring immediate, stable income from completion.
- Freehold Ownership: No ground rent or service charge costs - increasing long-term value and investor control.
- Good Condition: Well-maintained throughout, with photographs available from before the current tenancy began.
Summary
Detail Figure
Asking Price £70,000
Current Rent £475pcm
Market Rent £600pcm
Current Gross Yield 8.14%
Projected Gross Yield 10.29%
Tenure Freehold
Tenant In situ until Jan 2026
Ideal For:
* Hands-off investors seeking immediate returns with a reliable tenant
* Portfolio landlords looking to expand in a strong rental area
* First-time investors wanting an affordable entry point with excellent yield potential
- 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.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- 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
Newbury Way, Billingham, Stockton on Tees, TS23
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference Newbury-Way-Billingham. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.