Offers over
£63,000
(£119/sq. ft)
1 bed flat for saleClough Close, Middlesbrough TS5
1 bed
2 baths
1 reception
527 sq. ft
EPC Rating: C
- Leasehold
Let Property
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About this property
Private Driveway Parking
Communal Front Garden
Buy-to-Let Opportunity
Long-Term Tenants currently situated
Likely to attract enquiries from Serious Investors & Developers
Investment potential detailed below (Let Property Pack)
Our latest listing is a 1-bedroom flat located in Middlesbrough. It is conveniently close to essential amenities, offers strong potential for rental returns, and has a tenant in residence.
For investors looking to expand their portfolio, this is a fantastic opportunity!
This property features one bedroom and two bathrooms, including an en-suite, a lounge, and a kitchen. Additional benefits include private driveway parking and a communal front garden.
Investment details
It currently generates an annual gross income of £5,400, with tenants presently residing there. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investor's property portfolio.
Please see the Let Property Pack linked below for greater details on this property's investment potential.
If you are interested, please call us.
Tenancy Details
The current tenants have been residing in the property for several years and have consistently paid their rent on time. They do not plan to move out and wish to continue their tenancy.
Let Property Sales is committed to facilitating a smooth transaction process. To ensure maximum commitment from both parties to the sale, a fully refundable buyer's premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.
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More information
Tenure
Leasehold (90 years)
Service charge
£1,200 per year
Council tax band
B
Ground rent
£100
Ground rent date of next review