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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 For sale by unconditional online auction on the 29th of May 2025
- 51% 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 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 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 2-bedroom terraced house in Teesside is being sold by unconditional online auction with a guide price of £65,000-£85,000. The property is fully tenanted, generating £650 per month, and offers a strong return on investment with a projected gross yield of 9.51%. The property is in a stable rental market with consistent demand, and its location is close to key transport links, shops, and amenities. The property is being sold with a full legal pack and completion is expected within 28 days. The vendor is motivated to sell, and the property is being marketed as a low-maintenance, turnkey investment opportunity with potential for capital growth and rental income.