INVESTMENT OPPORTUNITY – TWO BEDROOM HOUSE – 8%+ GROSS YIELD
Guide Price: £87,500 | Current Rent: £595 pcm | Gross Yield: Approx. 8.16%
Property Express / Horizon Sales & Lettings are pleased to offer for sale this attractive two-bedroom mid-terraced house, situated on a popular tree-lined residential street in the village of Stillington.
Of particular interest to investment purchasers, the property is currently let to a long-term tenant at £595 per calendar month, providing an annual rental income of £7,140. Based on the guide price of £87,500, this represents an attractive gross rental yield of approximately 8.16%, offering an established income stream from completion, subject to the existing tenancy and terms.
The property is well presented and has benefited from recent redecoration. Accommodation comprises a front lounge, inner hallway and a useful kitchen/breakfast room to the rear, fitted with a good range of units, oven and hob, breakfast bar and access to the enclosed rear yard. To the first floor are two bedrooms and a modern bathroom with white three-piece suite, shower over bath and screen. Loft storage is also available via a pull-down ladder from bedroom two.
The property benefits from combi gas central heating, uPVC double glazing and a good-sized enclosed rear yard.
Stillington is a popular village surrounded by open countryside, offering a range of local amenities including a Primary School, Post Office, village shop, church, Health Centre and Forest Nature Park. The village provides good access to Stockton-on-Tees, Sedgefield, the A1(M) and A19, with local bus services also available.
An appealing opportunity for landlords and portfolio investors seeking a two-bedroom residential investment with a long-term tenant in situ and an attractive 8%+ gross yield.
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