Freehold Block – 8 Apts In Stockton

Location: Stockton-on-Tees

Price: £295,000

Discount: Included

This block of 8 x one-bedroom flats is currently generating an income of £2,290 from the 7 rooms currently let.

The property is on a large corner plot close to Stockton town centre. We’ve sourced many opportunities in Stockton over the years and our investors have targeted the area due to the high yields available.

There is the potential to increase the rental income by renting the 8th flat.

The unit requires the installation of a new gas meter before it will be habitable. Once installed the gross rental income on offer will be £2,615pcm.

We also feel there would be an opportunity to modernise the flats in an attempt to increase the rental performance.

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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.

Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.