30 bedroom terraced house for sale

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30 bedroom terraced house for sale

Norton Road, Stockton-On-Tees, TS20
£1,125,000

Our Summary

  • With a HMO approved licence acquired and planning permission in place to turn it into a residential home, this property is not one to be missed
  • Accommodation & Amenities:- Commercial - Planning permission in place to turn it into a residential - 30 bedrooms - £11,250pcm achievable in rent - NET return of 8

Description

This commercial building in Stockton-on-Tees offers a recently refurbished HMO with 30 bedrooms, 39 WCs/bathrooms, and 3 communal areas. The property is located in a popular area with easy access to the University of Durham and transport links, making it a prime location for both students and professionals. The current rent per room is £375PCM, resulting in a NET annual take home of £95,580 PA / £7,965 PCM, providing an 8.5% return on investment. The property also benefits from planning permission to turn it into a residential home, and the HMO licence is in place. A viewing slot can be secured by calling the provided option.
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