30 Derwent Street, Norton, Stockton-on-Tees, TS20 2BZ

Description

• PRIME NEW LISTING. We are excited to present this vacant 2-bedroom mid-terrace house located within a prime location in Stockton-on-Tees.

• **53, Derwent Street, Stockton-on-Tees TS20 2DE sold for £110,000, 73, Derwent Street, Stockton-on-Tees TS20 2DL sold for £102,000, 22, Ida Street, Stockton-on-Tees TS20 2QA sold for £128,500**

• This property represents a perfect opportunity for a savvy investor aiming to implement the BRRR strategy in a sought-after location. With substantial potential to enhance the property, it offers excellent prospects for capital growth.

• Upon renovation, the property could achieve rental income between £750 to £850 per month (£9,000 to £10,200 per annum), leading to an impressive gross yield of 14% to 16%, subject to tenancy.

• The property benefits from a recent boiler replacement and offers a fantastic opportunity for personalisation. Situated in a prime buy-to-let location, it is priced aggressively to sell, presenting a remarkable chance for an investor to secure an affordable project with significant rental and capital growth potential.

PRIME NEW LISTING. We are excited to present this vacant 2-bedroom mid-terrace house located within a prime location in Stockton-on-Tees.

The property comprises an inviting entrance hallway, a cosy living room, two spacious double bedrooms, a well-appointed bathroom, and a practical kitchen, with storage throughout.

This property represents a perfect opportunity for a savvy investor aiming to implement the BRRR strategy in a sought-after location. With substantial potential to enhance the property, it offers excellent prospects for capital growth.

Upon renovation, the property could achieve rental income between £750 to £850 per month (£9,000 to £10,200 per annum), leading to an impressive gross yield of 14% to 16%, subject to tenancy.

The property benefits from a recent boiler replacement and offers a fantastic opportunity for personalisation. Situated in a prime buy-to-let location, it is priced aggressively to sell, presenting a remarkable chance for an investor to secure an affordable project with significant rental and capital growth potential.

The property is being offered at a fantastic discount to ensure a sale. It should appeal to anyone looking for a straightforward purchase with excellent upside potential.

Excellent sales evidence in the area:

**53, Derwent Street, Stockton-on-Tees TS20 2DE sold for £110,000, 73, Derwent Street, Stockton-on-Tees TS20 2DL sold for £102,000, 22, Ida Street, Stockton-on-Tees TS20 2QA sold for £128,500**

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.

This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.

For further details on how to have a bidding account created, please contact the team.

Location

Stockton-on-Tees is a thriving market town known for its blend of history and modern amenities. With excellent transport links, a range of shopping and dining options, and a rich cultural scene, it's an attractive location for both residents and investors alike.

Map

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.