Stranton Street

Stockton on Tees, United Kingdom | Ref: PW-108-cg
Sold
2
1

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Features

  • Refurb required
  • Qualifes for 10-year FRI Lease
  • No rental voids

Property Details

2-bed mid-terrace property which is pre-approved for a 10-year Government backed social housing scheme.

The property requires some refurbishment to prepare it for occupancy on the scheme.

The refurbishment is quoted at £7,000.

Annual rent is £4,200 with no rental voids, a full repairs package and annual rent reviews. The lease is tracking CPI so theoritcally increases year on year.
Ref
PW-108-cg
Price
£35,000
Status
Sold
Property Type
Terraced House
Beds
2
Bath
1
Yield
11%
ROCE
45%

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