3 bedroom terraced house for sale

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3 bedroom terraced house for sale

Newbury Way, Billingham, Stockton on Tees, TS23
£68,000

Our Summary

  • Investment Opportunity - Newbury Way, TS23 3NP Key Details * Property Type: 3-Bedroom Mid-Terrace * Tenure: Freehold * Asking Price: £68,000 * Bedrooms: 3 * Bathrooms: 1 + Downstairs W/C * Condition: Good condition throughout * Tenant Status: Current tenant up to date on rent and exemplary * Tenancy Term: Fixed until January 2026 Financial Summary * Current Rental Income: £475 per calendar month (£5,700 per annum) * Current Gross Yield: 8
  • Annual rental income of £5,700 with potential of £7,200
  • 4% with potential returns of 10

Description

This is an investment opportunity for a 3-bedroom mid-terrace property located on Newbury Way, TS23 3NP. The property is being sold for £68,000 and offers a current rental income of £475 per calendar month, generating a gross yield of 8.4%. The current tenant is up to date on rent and has a fixed term until January 2026, providing immediate and stable income. The property is in good condition and is being sold with freehold ownership, meaning no ground rent or service charge costs. The projected gross yield is 10.6% based on market rental potential of £600 per calendar month. This property is ideal for hands-off investors, portfolio landlords, and first-time investors seeking an affordable entry point with excellent yield potential.