3 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Freehold
Due to tenants being in-situ and offering them their quiet enjoyment - NO in person viewings. Please see the virtual tour, taken when the property went on the sales market, it is a true and honest representation, without disturbing the nice tenants.
Property Overview:
Entrance Hall:
As you step into the property, you are greeted by a neat and
welcoming entrance hall. The space is brightly lit and provides easy access to the rest of the home, featuring a practical notice board ideal for tenant communication.
Reception Room:
The reception room is a versatile and spacious area, ideal for both relaxation and socializing. It comes equipped with modern essentials such as a wall-mounted TV, ensuring it meets the demands of contemporary living. The room is neutrally decorated, providing a blank canvas for personalization.
Bedrooms:
The property boasts three bedrooms, each designed to maximize comfort and practicality. The main bedroom includes a large wardrobe, offering ample storage space. All rooms are well-proportioned and benefit from natural light, creating a pleasant living environment for tenants.
Kitchen and Bathroom:
Both are modern rooms offering the tenant everything they need for their daily lives. Prospective landlords can easily add value with minor updates or renovations.
Condition and Potential:
Currently in good condition, the property requires minimal upkeep, making it a hassle-free investment. The neutral decor throughout ensures it appeals to a wide range of tenants, minimizing vacancy periods and maximizing rental income.
Location:
Situated in a sought-after area with excellent transport links, local amenities, and Teesside University, this property is ideally located for tenants looking for convenience and accessibility.
Rental Yield:
With a proven rental income of £720 per month, this property offers a solid yield of 8.6% at the asking price, ensuring a steady cash flow for the new landlord.
Conclusion:
This 3-bedroom property is a prime investment opportunity, offering reliable rental income and the potential for further value enhancement. Whether you are expanding your portfolio or making your first investment, this home provides a promising opportunity in a desirable location.
For more information or to arrange a viewing, please contact our team today. Don't miss out on securing this promising investment!
Council Tax Band: A
Tenure: Freehold
Selective licensing area - details available from agent.
Property information from this agent
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Property reference RS0010. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Castle Homes - County Durham.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 21, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on December 1, 2016 from 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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