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Newton Walk, Norton, Stockton-on-Tees, Durham, TS20 2UJ

PROPERTY TYPE

Terraced

BEDROOMS

3

BATHROOMS

1

SIZE

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TENURE
Describes 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

  • NO ONWARD CHAIN
  • INVESTMENT OPPORTUNITY
  • WELL PRESENTED
  • MODERN KITCHEN
  • MODERN KITCHEN
  • THREE BEDROOMS

Description

Offered to the market with NO ONWARD CHAIN, this freshly presented three-bedroom mid-terraced home represents an excellent opportunity for investors seeking a ready-to-let property with a strong return on investment.

With an achievable rental income in the region of £650 PCM (£7,800 per annum), the property delivers an impressive gross yield of approximately 12% based on the asking price, making it an attractive addition to both new and established investment portfolios.

Recently benefiting from a programme of redecoration and new carpets throughout, the accommodation is well presented and ready for immediate occupation. To the rear, a courtyard provides off-street parking and access into the property. The modern fitted kitchen offers an excellent range of units along with ample space for a dining table, creating a practical and sociable environment. The hallway features a convenient cloakroom/WC, staircase to the first floor and access to the front entrance. Completing the ground floor is a bright bay-fronted lounge offering generous living space.

To the first floor are three well-proportioned bedrooms together with a family bathroom fitted with a contemporary white suite.

Combining spacious accommodation, modern presentation, strong rental potential and a competitive price point, this property offers investors an opportunity to acquire a high-yielding asset with minimal initial expenditure required.

Early viewing is strongly recommended. Contact our Norton team today to arrange your appointment.

Council Tax Band: A
Tenure: Freehold

Accommodation

Living Room

4m x 3.98m

Kitchen

3.83m x 3.53m

Bedroom 1

3.88m x 3.27m

Bedroom 2

4m x 2.62m

Bedroom 3

2.66m x 2m

Bathroom

2.66m x 2.13m

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.
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.
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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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Newton Walk, Norton, Stockton-on-Tees, Durham, TS20 2UJ

Approximate location

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Affordability

Monthly repayments£327
Property: £ 65,000
Deposit: £ 6,500
Interest rate: 5.35%
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.
Renovation potential
Recently sold & under offer
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About Pattinson Estate Agents, Norton

High Street, Norton, Stockton-On-Tees, TS20 1DN

Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency.

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Disclaimer - Property reference 510426. 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 Pattinson Estate Agents, Norton. 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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