Summary - 77 NORTHCOTE STREET STOCKTON-ON-TEES TS18 3JB
3 bed 1 bath Terraced
Freehold three-bed terrace with sitting tenant — auction sale, strong value for experienced investors..
- Long-term sitting tenant in place, immediate rental income
- Freehold mid-terrace, approx. 1,260 sq ft
- Three bedrooms, ground-floor bathroom, lounge/diner
- Contemporary decor, double glazing, gas central heating
- Rear yard, on-street parking only, small plot
- Sold by auction: 4.5% reservation fee (min £6,600)
- Very high local crime and very deprived area
- No flood risk; fast broadband
A solid three-bedroom mid-terrace offered freehold, ideal for investors seeking immediate income. The property is let to a long-standing sitting tenant, providing an established rental return from day one. The house is spacious internally (approx. 1,260 sq ft) with a lounge/diner, ground-floor bathroom and three good-sized bedrooms.
The interior is well presented with contemporary decor, double glazing and gas central heating to boiler and radiators. Externally there is a rear yard and on-street parking typical of the location. Broadband speeds are reported as fast and the property has no flood risk.
Important buyer information: this sale is by auction under the Modern Method of Auction. The successful bidder must pay a non-refundable Reservation Fee of 4.5% (minimum £6,600) and a Buyer Information Pack fee (£349). Completion is required within 56 days—buyers with mortgages should confirm lending and inspect with their lender before bidding.
Location trade-offs: the house sits in a very deprived area with a very high local crime rate. The plot is small and parking is on-street only. These factors affect tenant demand and resale values but are reflected in the low guide price, making this a potential value purchase for experienced investors prepared to manage risks.
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