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2 bedroom terraced house for sale
8 Prospect Place, Norton, Stockton-on-Tees, Cleveland, TS20 2PX
£65,000
8 Prospect Place, Norton, Stockton-on-Tees, Cleveland, TS20 2PX
£65,000
Our Summary
- Guide Price £65,000 - £85,000 * PLUS 5% BUYERS PREMIUM OR MINIMUM OF £5000 + VAT For sale by unconditional online auction on the 26th of February 2025
- High-Yield 2-Bed Buy-to-Let Property Description Property Overview Location: 8 Prospect Place, TS20 2PX Property Type: 2-Bed Terraced House Bedrooms: 2 Bathrooms: 1 Tenure: Freehold Tenancy Status: Fully Let Investment Strategy: Buy-to-Let Key Features High-Yield Investment Strong ROI from Day One Fully Tenanted Immediate Rental Income Stable Rental Market with Strong Demand Low Maintenance, Turnkey Investment Opportunity Comparable Market Value: £100,000 Close to Key Transport Links, Shops & Amenities Full Legal Pack Available for Quick Purchase Completion in as little as 28 Days Current Investment Figures Current Rental Income: £650 PCM / £7,800 PA Current Gross Yield: 9
- 51% Potential for Capital Growth: Medium Value-Add Potential: Secure long-term tenancy with rental growth potential
- Capital Growth Potential: Strong rental market with potential for future appreciation
- 51% Desirable Rental Location with Consistent Demand No Chain Fast, Hassle-Free Completion Available Low Maintenance, Turnkey Investment Opportunity Interested
Description
This property is a 2-bedroom, 1-bathroom terraced house located in 8 Prospect Place, TS20 2PX, which is a high-yield buy-to-let investment opportunity. The property is currently tenanted and generating a strong return on investment, with a current gross yield of 9.51%. The property is situated in a desirable location, close to key transport links, shops, and amenities, making it an attractive option for investors. The property is being sold by unconditional online auction on February 26, 2025, with a guide price of £65,000 to £85,000, plus a 5% buyer's premium or a minimum of £5,000 + VAT. The property offers a low-maintenance, turnkey investment opportunity with potential for capital growth and rental growth, making it an ideal option for investors looking to grow their property portfolio.