Turnkey rental close to North Tees Hospital and local amenities.
Sitting tenant in place paying £625pcm, income from day one
A compact two-bedroom terraced house offered freehold with a sitting tenant in place paying £625pcm. The property sits in a modern development within walking distance of North Tees Hospital and local shops, providing immediate rental income from day one.
Internally the home is well maintained with a modern kitchen, a small rear garden and driveway parking. At around 603 sqft the layout is efficient, suited to single occupants, couples, or hospital staff seeking nearby accommodation.
This is a clear investment opportunity: at the asking price of £95,000 the current income equates to a gross yield of approximately 7.9%. Buyer should note the area scores high on deprivation and recorded crime is above average, which may affect lettings and resale prospects.
Sold with the sitting tenant in situ, the purchase will suit investors wanting immediate cashflow. The property’s small size and location mean it is less appropriate for buyers needing large family space but offers straightforward management and tenancy continuity.