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2 bedroom apartment for sale
Butsfield Way, Billingham, TS23
£52,000
Butsfield Way, Billingham, TS23
£52,000
Our Summary
- *ATTENTION CASH BUYERS*Holbrook and Co Estate agents and iamsold are delighted to offer for sale via modern method of auction this two bedroomed ground floor flat
- With the added benefits of gas central heating and double glazed window, this property offers the perfect investment opportunity
Description
I am a landlord looking for a property to add to my rental portfolio and I've come across a two-bedroom ground floor flat that's currently tenanted, with the tenant paying £525 per month. This gives an annual yield of approximately 11.42%, which is quite attractive. The flat has an entrance hall, a lounge with access to an enclosed garden, a kitchen, a bathroom, and two double bedrooms. It's well-equipped with gas central heating and double glazing. Additionally, there's a garden to the front. The property is situated in an area with a Council Tax band A, which suggests it's in a lower tax band, potentially meaning lower costs for the tenant and a potentially more affordable option for investors. This flat presents itself as a lucrative investment opportunity, especially for those interested in a tenanted property with a steady rental income.