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4 bed terraced house
Cranbourne Terrace, Stockton-On-Tees TS18
Auction
£90,000
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Our Summary
- Investment Opportunity – Four Self-Contained Flats – For Sale by Auction An excellent opportunity to acquire a substantial terraced property that has been converted into four self-contained one-bedroom flats, offering immediate income and future rental growth potential
- The remaining two vacant flats offer scope to increase the overall rental income upon occupation
- The existing tenancies provide an established income stream from completion, while the vacant units present an opportunity to enhance overall rental returns and maximise the property's investment potential
- Early viewing is recommended to appreciate the investment opportunity on offer
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Description
The property is a substantial terraced property converted into four self-contained one-bedroom flats. It is situated in a popular residential location with access to local amenities, transport links, and employment centers. The property is freehold and is currently generating a combined rental income of approximately £1,050 per calendar month from two of the flats, with the remaining two vacant units offering potential for increased rental income.
The property is in Council Tax Band A.