3 bedroom terraced house for sale

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3 bedroom terraced house for sale

Newbury Way, Billingham, Stockton on Tees, TS23
£70,000

Our Summary

  • Investment Opportunity - Newbury Way, TS23 3NP Key Details * Property Type: 3-Bedroom Mid-Terrace * Tenure: Freehold * Asking Price: £70,000 * 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
  • 14% with potential returns of 10

Description

This is an investment opportunity for a 3-bedroom mid-terrace property located in TS23 3NP, priced at £70,000. The property is a freehold and is currently rented out for £475 per month, generating a gross yield of 8.14%. The current tenant is up to date on rent and has a fixed tenancy term until January 2026. The property is in good condition and has potential for further rental income, with a projected market rent of £600 per month and a projected gross yield of 10.29%. The property offers an attractive yield profile, solid tenancy, and freehold ownership, making it an ideal investment opportunity for hands-off investors, portfolio landlords, or first-time investors looking for an affordable entry point with excellent yield potential.