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Derwent Street, Stockton
Derwent Street, Stockton-on-Tees TS20
£65,000
Derwent Street, Stockton-on-Tees TS20
£65,000
Our Summary
- With substantial potential to enhance the property, it offers excellent prospects for capital growth
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
- With substantial potential to enhance the property, it offers
Description
This vacant 2-bedroom mid-terrace house in Stockton-on-Tees offers a prime opportunity for a savvy investor to implement the BRRR strategy. With a recent boiler replacement and potential for personalization, the property has substantial potential to enhance its value and achieve rental income between £750 to £850 per month. The location is highly sought-after, with excellent transport links, shopping and dining options, and a rich cultural scene. The property is priced aggressively to sell, presenting a remarkable chance for an investor to secure an affordable project with significant rental and capital growth potential. With sales evidence in the area of similar properties selling for £110,000, £102,000, and £128,500, this property is an attractive option for those looking to invest in a prime buy-to-let location.