Summary - 12 BEDFORD STREET STOCKTON-ON-TEES TS19 0DA
5 bed 3 bath Terraced
High-yield townhouse with council-backed income potential for hands-off investors.
Five-bedroom, three-bath HMO nearing completion of full back-to-brick refurbishment
Gross income option £22,200pa with council; headline gross yield 22.2%
Alternative five-year charity lease £9,600pa with tenant covering bills
Landlord liable for utilities under council option; managing agent fee 10%
Freehold with warranties, building-control sign-off, and new heating system
Very deprived area with high local crime rates — factor lettability risk
Small overall footprint (approx. 1,012 sq ft) and small rear plot
Original solid-brick walls assumed without insulation; some final decoration pending
This mid-terrace Victorian property has been fully taken back to brick and is nearing completion of a brand-new refit. The refurbishment includes new fixtures, double glazing and a new heating system with building control sign-off and warranties in place, offering a quick route to lettable condition for investors.
Offered as a five-bedroom, three-bath HMO with two secured income options: a council agreement at £22,200pa (gross) or a five-year charity lease at £9,600pa with tenant-cover for bills. The council route produces a headline gross yield of 22.2% and an expected net yield above 15% after typical costs; managing agent fees are quoted at 10% and landlords remain liable for utility bills under that agreement.
Practical considerations are clear and should be factored into purchase decisions. The property sits in a very deprived neighbourhood with high local crime rates and a small overall plot and internal size (approx. 1,012 sq ft). Walls are original solid brick (no known insulation) and some internal repair/decoration works remain as the final stages of the refurbishment are completed. A buyers’ fee of £2,500 (inc. VAT) applies on completion.
For an investor seeking a hands-off, near-complete HMO with council-backed income potential, this offers rapid conversion to rental revenue and strong headline returns. For others, the location’s social challenges, small footprint and ongoing landlord liabilities for bills under the council arrangement may make alternative investments preferable.
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