- Being sold with the current tenant in situ +
- Current gross yield of 8.14% with potential returns of 10.29% +
- Popular residential location +
- Annual rental income of £5,700 with potential of £7,200 +
- Hands off investment seeking immediate returns +
- Fully managed service available +
Investment Opportunity - Newbury Way, TS23 3NP
Key Details
* Property Type: 3-Bedroom Mid-Terrace
* Tenure: Freehold
* Asking Price: £70,000
* Bedrooms: 3
* Bathrooms: 1 + Downstairs W/C
* Condition: Good condition throughout
* Tenant Status: Current tenant up to date on rent and exemplary
* Tenancy Term: Fixed until January 2026
Financial Summary
* Current Rental Income: £475 per calendar month (£5,700 per annum)
* Current Gross Yield: 8.14%
Market Rental Potential: £600 per calendar month (£7,200 per annum)
* Projected Gross Yield: 10.29%
Investment Highlights
- Attractive Yield: With strong rental returns and a low entry price, this property offers an excellent yield profile - both at current rent and projected market levels.
- Solid Tenancy: The current tenant has demonstrated excellent payment history and is contracted until January 2026, ensuring immediate, stable income from completion.
- Freehold Ownership: No ground rent or service charge costs - increasing long-term value and investor control.
- Good Condition: Well-maintained throughout, with photographs available from before the current tenancy began.
Summary
Detail Figure
Asking Price £70,000
Current Rent £475pcm
Market Rent £600pcm
Current Gross Yield 8.14%
Projected Gross Yield 10.29%
Tenure Freehold
Tenant In situ until Jan 2026
Ideal For:
* Hands-off investors seeking immediate returns with a reliable tenant
* Portfolio landlords looking to expand in a strong rental area
* First-time investors wanting an affordable entry point with excellent yield potential