Norton Road, Stockton, TS20 2BG - 16% Yield (HMO)

 

Norton Road, Stockton, TS20 2BG - 16% Yield (HMO)


or call: 01483 663001

4-bedroom mid terrace suitable for HMO  with a courtyard garden.  Has recently been refurbished & will be furnished.

The property is freehold.

The property briefly comprises of entrance hall with stairs to first floor with two reception rooms (1 of which will be turned into a bedroom) and a kitchen and utility.

First floor landing, 3 bedrooms and a bathroom

The property is in a good area for rental properties

EPC D

Rental figures

Our rental estimate is based on the following calculation - £65 x 4 x 52 weeks = £ 13,520  pa. This gives a yield of 16%.

Refurbishment

To make this property suitable for a HMO we will be adding 6 x fire doors.  It will also be getting a new boiler and electic certificate.  Please note that the price we are advertising also includes domestic appliances (cooker & extractor fan, fridge freezer, washing machine) and furniture, so that it will be ready for the tenants to move in.

Please Note

Unlike the other properties we sell, we will not be offering the ongoing managemnet of this property due to the location being out of our usual area and we do not manage HMO's but we can put you in touch with someone in the area that can look after this for you.