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3 Bed Terraced House, Single Let, Billingham, TS23 3NP £68,000

Newbury Way, Billingham, Stockton on Tees, TS23 3NP - 2 months ago
  1. Deal Search
  2. Billingham
  3. TS23
  4. TS23 3NP
BTL
ROI: 8%
~93 m²

ValuationUndervalued

This may not be accurate, please check manually.

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Links

  • More Deals in Billingham
  • More Deals in TS23
  • More Single Let Deals
  • More Single Let Deals in Billingham
  • More Single Let Deals in TS23

Property History

Price changed to £68,000

November 15, 2025

Listed for £70,000

October 16, 2025

Floor Plans

Description

  • 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

Agent Details

Pure, Manchester

0161 524 5533

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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