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Derwent Street, Stockton
Derwent Street, Stockton-on-Tees TS20
£55,000
Derwent Street, Stockton-on-Tees TS20
£55,000
Price History
| Initial price | £65,000 |
| 10/11/25 | £55,000 |
| Price Change | -15.38% |
Description
This vacant 2-bedroom mid-terrace house in Stockton-on-Tees is a prime new listing, offering a fantastic opportunity for a savvy investor to implement the BRRR strategy. With a recent boiler replacement and substantial potential for renovation, the property could achieve rental income between £750 to £850 per month, leading to a gross yield of 14% to 16%. The property is priced aggressively to sell, presenting a remarkable chance for an investor to secure an affordable project with significant rental and capital growth potential. Located in a prime buy-to-let location, the property benefits from excellent sales evidence in the area, with similar properties selling for £110,000, £102,000, and £128,500. With a fantastic discount to ensure a sale, this property is open to immediate offers and will feature in an upcoming timed online auction.