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2 bedroom terraced house for sale
30 Derwent Street, Norton, Stockton-on-Tees, TS20 2BZ
£65,000
30 Derwent Street, Norton, Stockton-on-Tees, TS20 2BZ
£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 is a prime new listing, offering a rare opportunity for a savvy investor to implement the BRRR strategy. With a recent boiler replacement and substantial potential for renovation, the property could achieve rental income between £750 to £850 per month, resulting in a gross yield of 14% to 16%. The property's prime location, recent sale evidence, and aggressive pricing make it an attractive opportunity for investors seeking rental and capital growth. With the potential to personalize the property, it offers a fantastic chance for an investor to secure an affordable project with significant upside potential.