St Pauls Court Apartments, St Pauls Street, Stockton-On-Tees, Durham, TS19 0AB
- PROPERTY TYPE
House
- 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
- Freehold converted block of 58 apartments
- Shared private gardens, on-site parking and bike store
- Combination of studios, one-bed and two-bed apartments
- Refurbished in 2023
- 98% of the apartments hold an EPC rating of 'C'
- Fully let producing a total gross income of £378,780 pa
- Estimated Rental Value (ERV) of £420,000 pa
- Reversionary and value-add asset management opportunity
- Guide price of £3,400,000 reflects 11.14% Gross Yield
Description
The property is a former care home converted to provide 58 apartments, arranged as 15 studios, 42 one beds and 1 two bed.
The block sits in a U-shaped layout around a courtyard with a shared private garden, landscaped areas, 13 on-site parking spaces and a secure bike store.
It is of traditional masonry construction beneath a pitched tiled roof, over three floors with a uniform floorplate.
Internally, the apartments provide modern, practical accommodation with fitted kitchens and good quality bathrooms.
Location
St Paul's Court is located on St Paul's Street, a short walk from Stockton town centre, within an established residential area offering convenient access to a wide range of local amenities.
Stockton Railway Station is within easy walking distance, and several bus routes operate nearby, providing straightforward links across the town and surrounding districts.
Freehold converted block of 58 apartments
Shared private gardens, on-site parking and bike store
Combination of studios, one-bed and two-bed apartments
Refurbished in 2023
98% of the apartments hold an EPC rating of 'C'
Fully let producing a total gross income of £378,780 pa
Estimated Rental Value (ERV) of £420,000 pa
Reversionary and value-add asset management opportunity
Guide price of £3,400,000 reflects 11.14% Gross Yield
Brochures
Brochure- 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.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- 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
St Pauls Court Apartments, St Pauls Street, Stockton-On-Tees, Durham, TS19 0AB
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Visit our security centre to find out moreDisclaimer - Property reference 2093862FH. 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 Lambert Smith Hampton, Living & Capital Markets. 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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