Summary - 19, Cranbourne Terrace TS18 3PX
2 bed 2 bath Not Specified
**Standout Features:**
- Two 1-bedroom flats with consistent rental income (currently tenanted)
- Impressive rental yield of 11%
- Convenient urban location with access to local amenities, schools, and transport
- Freehold tenure with low council tax (Band A)
- Double glazing and mains gas central heating for comfort
**Potential Concerns:**
- Dated kitchen in need of updating
- High crime rates in the area
- Property condition may require renovation for modern appeal
This brilliant investment opportunity in the heart of Stockton-on-Tees features two well-laid-out flats—one on the first floor and the other on the ground floor—both generating solid rental income with long-term tenants in place. 1 Walter Street provides a cozy living space, including a double bedroom and modern kitchen, currently rented at £400 PCM. Meanwhile, 19 Cranbourne Terrace boasts a private rear yard along with a similar setup, achieving £450 PCM.
Located in a diverse urban area, you’ll find local amenities, schools (including Outstanding rated secondary options), and excellent public transport links just a stone’s throw away. While both properties benefit from double glazing and mains gas heating, prospective buyers should consider potential kitchen updates to elevate the charm and functionality. With affordable council tax, a chain-free sale, and an attractive yield potential, seize this exclusive chance to capitalize on a growing rental market—opportunities like this don’t last long!
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