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Gilmour Street, Thornaby, Stockton-on-tees

PROPERTY TYPE

Flat

BEDROOMS

1

BATHROOMS

1

SIZE

549 sq ft

51 sq m

Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Close to public transport
  • Double Glazing
  • Fitted Bathroom & Kitchen
  • On Street Parking
  • Investment Opportunity
  • Chain Free
  • Suited to Both First Time Buyers & 'Buy-to-Let' Landlords Alike

Description

An excellent opportunity for landlords and investors looking to acquire a buy-to-let property with a tenant already in situ and rental income being generated from day one.

This well-positioned 1-bedroom flat in Thornaby, TS17, is currently let to a tenant paying £475 per calendar month, providing an existing rental income stream for the new owner.

The property offers comfortable and practical accommodation, comprising a bright living area, fitted kitchen, good-sized bedroom and a modern bathroom. The property also benefits from on-street parking.

Located in Thornaby, the property is conveniently positioned close to local shops, supermarkets, transport links and other everyday amenities. Its location provides easy access to Stockton-on-Tees, Middlesbrough and the surrounding areas, making it an appealing location for both tenants and investors.

For investors, the key attraction is the existing tenancy and established monthly rental income, allowing the purchaser to take on a property that is already producing an income rather than waiting for a new tenant to be found.

Property is actually leasehold and currently has 105 years remaining
£10 annual ground rent and
£170 annual service charges

Current Rental Income: £475 per calendar month
Tenant in Situ: Yes
Property Type: 1-Bedroom Flat
Location: Thornaby, TS17

This is a great opportunity for an investor seeking an affordable buy-to-let property with a tenant already in occupation.
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.
On street
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.
Ground floor

Gilmour Street, Thornaby, Stockton-on-tees

Approximate location

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Affordability

Monthly repayments£199
Property: £ 40,000
Deposit: £ 4,000
Interest rate: 5.24%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Recently sold & under offer
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About Kings Sales & Letting Agents, Yarm

PO Box 1094, Yarm, TS19 1ZX

Kings Sales & Letting Agents: Your Premier Property Experts in the North East!

At Kings Sales & Letting Agents, we are not just another real estate firm; we are a passionate team of property enthusiasts dedicated to transforming your property experience. Specialising in residential lettings, sales, and property improvements, we bring unparalleled enthusiasm and exceptional customer service to clients in and around Teesside.

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Disclaimer - Property reference Gilmour. 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 Kings Sales & Letting Agents, Yarm. 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.