West Street, Stillington, Stockton-On-Tees
- PROPERTY TYPE
Terraced
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- 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
- Current rental income £595pcm | Annual rental income £7,140
- 8.16% Rental Yield at Asking Price
- Turnkey Investment with Long Term Tenant In Occupation
- Two-Bedroom Freehold Property
- uPVC Double Glazing & Gas Central Heating
- No Onward Chain
- Enclosed, Low Maintenance Yard
- EPC D
- Popular Village Location
- Buyers Premium Fee Applicable of £3,600+VAT
Description
Guide Price: £87,500 | Current Rent: £595 pcm | Gross Yield: Approx. 8.16%
Property Express / Horizon Sales & Lettings are pleased to offer for sale this attractive two-bedroom mid-terraced house, situated on a popular tree-lined residential street in the village of Stillington.
Of particular interest to investment purchasers, the property is currently let to a long-term tenant at £595 per calendar month, providing an annual rental income of £7,140. Based on the guide price of £87,500, this represents an attractive gross rental yield of approximately 8.16%, offering an established income stream from completion, subject to the existing tenancy and terms.
The property is well presented and has benefited from recent redecoration. Accommodation comprises a front lounge, inner hallway and a useful kitchen/breakfast room to the rear, fitted with a good range of units, oven and hob, breakfast bar and access to the enclosed rear yard. To the first floor are two bedrooms and a modern bathroom with white three-piece suite, shower over bath and screen. Loft storage is also available via a pull-down ladder from bedroom two.
The property benefits from combi gas central heating, uPVC double glazing and a good-sized enclosed rear yard.
Stillington is a popular village surrounded by open countryside, offering a range of local amenities including a Primary School, Post Office, village shop, church, Health Centre and Forest Nature Park. The village provides good access to Stockton-on-Tees, Sedgefield, the A1(M) and A19, with local bus services also available.
An appealing opportunity for landlords and portfolio investors seeking a two-bedroom residential investment with a long-term tenant in situ and an attractive 8%+ gross yield.
Buyers Premium Fee Applicable
Brochures
West Street, Stillington, Stockton-On-Tees- 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.
- Band: A
- 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.
- 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
West Street, Stillington, Stockton-On-Tees
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Visit our security centre to find out moreDisclaimer - Property reference 34924821. 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 PROPERTY EXPRESS SALES, 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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