Summary - 7 CROSS STREET STOCKTON-ON-TEES TS20 2SS
2 bed 1 bath Terraced
Immediate income with upside from straightforward refurbishment and management.
- Tenant in situ for 16 years, sold as an investment
- Current annual rent £7,800; approximate 7% gross yield
- Two-bedroom Victorian mid-terrace, period bay window
- Freehold tenure; no onward chain
- Dated condition; requires modernisation to add value
- Solid brick walls, assumed no cavity insulation
- Small plot with limited or no garden space
- Council Tax Band A (very cheap) and mains gas heating
This two-bedroom Victorian mid-terrace is offered as a long-term rental investment with a sitting tenant of 16 years and no onward chain. Current annual rental income is £7,800, representing an approximate 7% gross yield at the asking price, making it a straightforward income asset for a landlord seeking immediate returns.
The property is traditional in layout: bay-fronted living room, separate dining/family room, kitchen and bathroom on the ground floor, with two bedrooms above. Constructed circa 1900–1929 from solid brick, it retains period character but is described as dated and will require modernisation to increase capital value or attract higher rents.
Practical facts for investors: tenure is freehold, council tax band A (very cheap), mains gas central heating and double glazing installed before 2002. The plot is small and there appears to be no significant garden, so external amenity is limited. The wider area is described as deprived blue-collar terraces; the local classification is aspiring urban households — this supports steady rental demand but indicates potential sensitivity to local market conditions.
Considerations and risks: the tenant remains in situ, so any purchaser must accept the tenancy and its income profile; there may be limited scope for immediate vacant-possession refurbishment. The property’s solid brick walls are assumed to lack cavity insulation, and décor/fixtures are dated, so budget for upgrades should be allowed. Overall, this is a hands-off income opportunity with clear scope for value-add through targeted improvements or, longer term, rental growth in the Norton Village area.
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