Summary - 18 ETHERLEY CLOSE STOCKTON-ON-TEES TS19 8HX
1 bed 1 bath Flat
Immediate rental income with low-management upkeep and refurbishment potential.
Sitting tenant in place since 2010, income £410 PCM
Gross rental yield c.10.9% at asking price
One double bedroom, bright living room, fitted kitchen
Leasehold with c.105 years remaining; ground rent reported £10
Buyers’ Premium fee payable (listing shows both £3,000+VAT and £2,000+VAT)
Area shows very high deprivation and elevated crime levels
No flood risk; fast broadband and excellent mobile signal
Modest private garden; mid-20th century construction, refurbishment potential
This purpose-built, first-floor apartment offers a straightforward buy-to-let proposition for investors seeking immediate income. The flat includes a double bedroom, bright living room, fitted kitchen and a three-piece bathroom, all in an average-sized 485 sq ft layout. A private entrance and modest garden add practical appeal. The tenant has occupied the property since 2010, providing continuous rental income of £410 PCM (£4,920 PA) and a reported gross yield of 10.9% at the asking price.
The building dates from the mid-20th century and appears structurally sound from available information; double glazing and gas central heating are in place. The lease has approximately 105 years remaining and ground rent is reported at £10 (status and review terms unknown). Broadband speeds are reported fast and mobile signal excellent, supporting tenant convenience. There is no identified flood risk.
Important considerations for buyers: the area records very high deprivation and elevated crime levels, which can affect tenant demand and future capital growth. The property is sold with a Buyers’ Premium fee payable — listing information is inconsistent (both £3,000+VAT and £2,000+VAT are shown); prospective purchasers must verify the exact amount and terms before bidding. This is a leasehold unit with a long lease but typical leasehold obligations may apply.
Overall, the flat is best suited to investors targeting yield and immediate cashflow rather than owner-occupiers seeking long-term neighbourhood uplift. It presents low-management potential with a sitting tenant, and modest scope for enhancement through cosmetic refurbishment to protect rental levels.
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