Property Details

CALLING ALL INVESTORS - LOOKING TO ADD TO YOUR PORTFOLIO? Nestled in the thriving town of Thornaby, Stockton-on-Tees, this promising 3-bedroom property presents a lucrative investment opportunity. Currently tenanted at a competitive rate of £700 per calendar month, this residence offers a consistent stream of rental income, making it an attractive prospect for all investors. The property's spacious layout, featuring three well-sized bedrooms and two reception rooms adds to its appeal, catering to a broad tenant demographic. With a modern and well-maintained interior, including a fully equipped kitchen and private yard, this investment promises not only immediate returns but also the potential for long-term capital appreciation. The current tenants took occupancy on December 16, 2023, under a 6-month Assured Shorthold Tenancy (AST), with plans to vacate by May 31, 2024, unless they opt for a renewal. This working family is currently paying a monthly rent of £700. Remarkably, the property boasts an impressive 11.2% return on investment as a residential let. If you wish to view this property before it gets snapped up or seek further information, please call us on 01642 213 213 (option 1).