Low-price buy-to-let near transport links with high rental potential.
- Estimated rent £400 pcm (£4,800 pa)
- Very low guide price £8,000 (auction sale)
- Long lease: 996 years remaining
- Requires renovation: damp and ceiling damage
- Strong location for lettings near transport and shops
- High local crime; increased management risk
- Sold at auction — buyer to complete due diligence
- Suitable for investor or refurbishment specialist
A compact one-bedroom studio in central Stockton-on-Tees offered for sale by auction at a low guide price. The property sits within walking distance of the town centre, supermarkets, major employers and the train station — a location that consistently attracts students and professional tenants.
The flat has an estimated rental potential of £400 pcm (£4,800 pa) which, against the low asking price, creates a strong headline yield for a buy-to-let investor. The long lease (996 years) removes common lease-length concerns and gives headroom for letting or future disposal.
The interior requires a degree of renovation: there are reported damp issues, ceiling damage and general wear. These are material defects that will need addressing and will affect initial outlay. The area records high crime and the property will be sold at auction, so buyers should factor in immediate costs, void periods and resale risks.
Nearby local sales show activity in the road, indicating demand at higher price points in recent years, but this lot is being offered specifically as an investment/refurbishment opportunity for a purchaser prepared to carry out works and manage letting risks.