2 bedroom terraced house for sale

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2 bedroom terraced house for sale

8 Prospect Place, Norton, Stockton-on-Tees, Cleveland, TS20 2PX
£65,000

Price History

Initial price £76,000
13/02/25 £65,000
Price Change -14.47%

Description

This property is a 2-bedroom terraced house located in Prospect Place, TS20 2PX, and is being sold by unconditional online auction on February 26, 2025. The property is fully tenanted, generating a strong yield of 9.51% with a current rental income of £7,800 per annum. The property is in a stable rental market with consistent demand, and the current tenant is on a secure long-term contract. The property is a low-maintenance, turnkey investment opportunity, with a comparable market value of £100,000. The buyer will also need to pay a 5% buyers premium or a minimum of £5,000 plus VAT. The property offers a high-yield investment opportunity, with potential for capital growth and rental growth, making it an attractive option for investors looking to grow their property portfolio.