3 Bed Terraced House For Sale

Investment Opportunity - Newbury Way, TS23 3NP

Key Details

* Property Type: 3-Bedroom Mid-Terrace

* Tenure: Freehold

* Asking Price: £70,000

* Bedrooms: 3

* Bathrooms: 1 + Downstairs W/C

* Condition: Good condition throughout

* Tenant Status: Current tenant up to date on rent and exemplary

* Tenancy Term: Fixed until January 2026



Financial Summary

* Current Rental Income: £475 per calendar month (£5,700 per annum)

* Current Gross Yield: 8.14%

Market Rental Potential: £600 per calendar month (£7,200 per annum)

* Projected Gross Yield: 10.29%



Investment Highlights

- Attractive Yield: With strong rental returns and a low entry price, this property offers an excellent yield profile - both at current rent and projected market levels.

- Solid Tenancy: The current tenant has demonstrated excellent payment history and is contracted until January 2026, ensuring immediate, stable income from completion.

- Freehold Ownership: No ground rent or service charge costs - increasing long-term value and investor control.

- Good Condition: Well-maintained throughout, with photographs available from before the current tenancy began.



Summary

Detail Figure

Asking Price £70,000

Current Rent £475pcm

Market Rent £600pcm

Current Gross Yield 8.14%

Projected Gross Yield 10.29%

Tenure Freehold

Tenant In situ until Jan 2026



Ideal For:

* Hands-off investors seeking immediate returns with a reliable tenant

* Portfolio landlords looking to expand in a strong rental area

* First-time investors wanting an affordable entry point with excellent yield potential