Progression Property presents a lucrative investment opportunity in Billingham, featuring a two-bedroom first-floor flat with a long-term tenant generating a rental income of £550 per month, totaling £6,600 annually. The property boasts a modern layout, including an entrance hall, lounge, kitchen, two double bedrooms, and a modern bathroom suite. Situated within walking distance of local shops and amenities, as well as nearby schools, this leasehold property offers a 999-year lease that commenced in 2005, with no ground rent or service charge payable. With a gross yield of 9.4% at the asking price, this property is an attractive investment opportunity for those looking to generate passive income.