Summary - 22, Lancaster Way, Thornaby TS17 9NJ
1 bed 1 bath Flat
Compact, low-maintenance first home or buy-to-let with immediate rental potential.
Chain-free first-floor one-bedroom flat, approx. 469 sq ft
This chain-free, first-floor one-bedroom flat offers a straightforward entry to homeownership or a ready-made rental in TS17. The layout is compact (approx. 469 sq ft) and well presented, with a lounge, separate kitchen, bedroom, bathroom and useful built-in storage. Wooden double-glazed windows and contemporary high-gloss kitchen units keep the interior low-maintenance.
Practical features include an intercomed communal entrance, a modest communal grassed area, on-street parking, and electric storage heaters with an immersion tank. The lease has around 101 years remaining and the service charge is £616 (described as below average), while council tax sits in Band A.
Buyers should note the property sits in a very deprived area with higher-than-average crime statistics; this affects long-term capital growth and resale prospects. Heating is electric storage, which can be costlier than gas; prospective purchasers should budget for higher energy bills.
For a first-time buyer this is a tidy, low-upkeep home offered chain free. For an investor it presents a straightforward, easy-to-manage let in a city/major town location — compact rooms and the local area profile, however, will influence tenant demand and achievable rents.
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