Summary - 17 Sun Street TS18 3PR
2 bed 1 bath Block of Apartments
**Standout Features:**
- Freehold property with two fully let one-bedroom flats, generating a combined annual income of £16,200.
- Attractive guide price of £55,000-£65,000, with a previous sale at £66,000.
- Good transport links via Thornaby rail station and close proximity to local amenities and Ropner Park.
- EPC rating of C, indicating decent energy efficiency.
**Potential Downsides:**
- Property requires some renovations; condition details are limited as it hasn't been inspected.
- Located in an area noted for high crime and overall social deprivation, which may concern some buyers.
**Summary:**
This end-of-terrace building on Sun Street offers a promising investment opportunity with two one-bedroom flats currently generating a steady rental income of £1,350 per month. The property is ideally situated near local shops and parks, making it appealing for tenants seeking a vibrant urban lifestyle. With its freehold status and competitive auction guide price, this listing represents an excellent chance for first-time buyers or savvy investors to secure a rental asset or to explore renovation potential. While the property may require some TLC, its location and income potential justify the effort. However, buyers should consider the local area's socio-economic factors before making a commitment. Don’t miss out on this opportunity to add a solid investment to your portfolio—auction bids are welcomed starting May 29, 2025.
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