TENANTED APARTMENTS | FROM JUST £46,000 | GROSS YIELDS UP TO 10.85%
£46,000
Stockton-on-Tees
1 TENANTED APARTMENTS | FROM JUST £46,000 | GROSS YIELDS UP TO 10.85%
We’ve secured a batch of tenanted apartments in this recently refurbished development located in Stockton-on-Tees, just 15 minutes from Middlesbrough. It is perfectly placed in an area of high tenant demand and substantial inward investment, with most units pre-tenanted. We’ve secured a fantastic deal with Stamp Duty fully paid and prices starting from just £46,000. Completed to a very high standard, each apartment is well sized, whilst there have also been recent refurbishments in several of the communal areas of the building. They are producing outstanding gross yields up to 10.85%, providing immediate returns.
The Teeside freeport, as recently announced by chancellor Rishi Sunak is set to bring in 18,000 skilled, high quality jobs to the area as well as boost the local economy by a staggering £3.4 billion. As one of only a handful of areas across the UK to achieve freeport status, house prices and tenant demand are expected to rise significantly in the next few years. The area is already incredibly popular, due to its proximity to several large universities, such as Durham University’s Queen’s campus and Teeside University, as well as the nearby James Cook University Hospital. The property is well connected, with several railway stations nearby and plenty of motorway access.