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3 bedroom semi-detached house for sale
12 Laburnum Avenue, Thornaby, Stockton-on-Tees, Cleveland, TS17 8ND
£85,000
12 Laburnum Avenue, Thornaby, Stockton-on-Tees, Cleveland, TS17 8ND
£85,000
Our Summary
- Guide Price £85,000 * PLUS 5% BUYERS PREMIUM OR MINIMUM OF £5000 + VAT For sale by unconditional online auction on the 25th of November 2024
- Registration is now open, bidding opens on 25th of November at 10:00 28th of November at 18:35 Fantastic Investment Opportunity High-Yield 3-Bedroom Student House in Thornaby-on-Tees Description Introducing a prime investment property located in the heart of Thornaby-on-Tees, perfectly tailored for the student rental market
- This well-maintained 3-bedroom terraced house is currently tenanted on individual room rates, offering an excellent income stream and the potential to achieve an impressive 15% gross yield
- High Rental Yield Potential: With its current configuration and demand in the area, the property has the potential to reach a 15% gross yield
- Scope for Growth: Opportunity to review rents or enhance features for increased income over time
- Tenure Freehold Legal Pack A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction
- Auction Information To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa
- The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated)
- Pre Auction Offers Are Considered The seller of this property may consider a pre-auction offer prior to the auction date
- All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit
- To make a pre-auction offer we will require two forms of ID,
Description
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Here is a summary of the property description in a single paragraph:
A fantastic investment opportunity has arisen in the heart of Thornaby-on-Tees, with a high-yield 3-bedroom student house currently tenanted on individual room rates. The property offers an excellent income stream and the potential to achieve an impressive 15% gross yield. With three spacious bedrooms, modern communal areas, and updated bathroom facilities, the property is perfectly tailored for the student rental market. Its prime location, close to local amenities, transport links, and Teesside University, makes it highly attractive to students. The property benefits from a manageable rear yard and modern interiors requiring minimal upkeep, offering a low-maintenance investment opportunity. With strong demand in the area and scope for growth, this property is an ideal investment for landlords looking to expand their portfolio or for those seeking a high-performing asset in a growing rental market.