Summary -
Flat 2,1 Yarm Lane,STOCKTON-ON-TEES,TS18 3DR
TS18 3DR
1 bed 1 bath Block of Apartments
**Standout Features:**
- Residential investment with five self-contained flats.
- Strong rental income of £42,120 per annum.
- Property includes 1 x 5-bedroom flat and 4 x 3-bedroom flats.
- Substantial, three-storey Victorian corner building in a prominent town center location.
- All flats currently rented to Mears Group.
- Auction guide price of £375,000.
- Freehold tenure, offering potential for long-term investment.
**Additional Information:**
This impressive block of apartments at 1 Yarm Lane, Stockton-On-Tees, presents an exceptional investment opportunity for savvy buyers seeking rental income and stability. With five separate self-contained flats — including a spacious 5-bedroom unit and four comfortable 3-bedroom options — this Victorian property not only stands out for its distinctive red brick architecture but also boasts a highly desirable town center position.
Each flat generates consistent rental income, currently occupied by reputable tenants, making this a hassle-free, income-producing asset. While the area has a high crime rate and is classified as deprived, its vibrant urban setting offers a mix of cultural amenities just moments away, ensuring convenience for residents.
This freehold property comes with renovation potential and the chance to increase value through updates or reconfiguration in the future. With the auction scheduled soon, act quickly to secure your place in this promising investment landscape!
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