Initial price	£72,500
17/04/24	£67,500
Price Change	-6.90%

This top floor apartment, located less than 2 miles from Middlesbrough city centre, offers a stunning 2 double bedroom, 2 bathroom space with allocated parking and access to communal gardens. The property is currently tenanted on a rolling monthly contract at £550pcm, generating a net income of £3,458 and a net yield of 5.1%. The property includes fitted appliances and is located in a popular and spacious residential development, with good local schools, excellent public transport links, and easy access to the A1. The financial performance of the property is as follows: rental income £6,600 per annum, service charge £2,100 per annum, ground rent £250 per annum, and lettings fee 10% + VAT £792 per annum.