Stranton Street

Stockton on Tees, United Kingdom | Ref: PW-107-cg
Sold
4
1

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Features

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

Property Details

3-bed mid-terrace property which is pre-approved for a 10-year Government backed FRI social housing lease.

The property requires some light refurbishment to prepare it for occupancy on the scheme. A split living room and dining room allows for a 4th bedroom to be created on the ground floor.

Total refurb costs on this property are quoted at £13,000.

Annual rent is set at £7,072 in Year 1 with annual rent reviews. The rent is also tracking CPI so theoritcally increasing year on year.
Ref
PW-107-cg
Price
£45,000
Status
Sold
Property Type
Terraced House
Beds
4
Bath
1
Yield
12%
ROCE
52%

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