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2 bed Terraced property

Available

For Sale

Listed May 26, 2025

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£35,000

Available

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Transaction history

£65,000 Sep 22, 2006

£12,000 Jul 30, 2002

£24,000 Feb 24, 1998

Description

"Guide Price £35,000 £55,000 * PLUS £3666.67 Vat BUYERS PREMIUM OR MINIMUM OF £3666.67 Vat

For sale by unconditional online auction on the 26th of February 2025.

Registration is now open, bidding opens on 26th of February at 15 00 and ends on 26th of February at 15 45.

Investment Opportunity High Yield Buy to Let Social Housing Property

Description
Property Overview

Location 22 Queen Street, Lazenby, Middlesbrough, Cleveland, TS6 8EA
Property Type 2 Bed Terraced House
Bedrooms 2
Bathrooms 1
Tenure Freehold
Tenancy Status Social Housing Lease in Place Until 2026
Investment Strategy Buy to Let Social Housing

Key Features
Social Housing Investment Guaranteed Income Until 2026
FRI Full Repairing & Insuring Contract Low Maintenance
High Yield Investment with Strong ROI
Secure Long Term Tenant Through MEARS Social Housing Contract
Low Risk, Hassle Free Investment Opportunity
Potential to Increase Rental Income to Market Rate
Growing Rental Demand in the Middlesbrough Area
Close to Key Transport Links, Local Amenities & Employment Hubs

Current Investment Figures
Asking Price £53,000
Current Rental Income £420 PCM £5,040 PA
Current Gross Yield 9.51%

Projected Investment Figures If Market Rent is Achieved
Market Rental Potential £525 PCM £6,300 PA
Projected Gross Yield 11.88%
Potential for Capital Growth Medium
Value Add Potential Rental Uplift to Market Rate Upon Lease Expiry

Investment Strategy & Exit Options
Buy to Let Secure long term income with a social housing lease in place until 2026.
Social Housing Model Hassle free management with a fully repairing & insuring contract.
Rental Uplift Strategy Opportunity to increase rental income to market rate after lease expiry.
Capital Growth Potential Invest in an affordable, high yield location with steady rental demand.

Why Invest in This Property?
FRI Social Housing Lease Low Maintenance, Guaranteed Rent
High Yield of 9.51% Potential 11.88% at Market Rent
Secure, Long Term Income Until 2026
Strong Demand for Social Housing in the Area
No Chain Fast, Hassle Free Completion Available

Interested? Get in touch today!
For more information or to arrange a viewing, contact Town & Country Property Auctions North East

Disclaimer
Material information will be provided within the legal pack to download this register your interest at tcpa.co.uk.

Please Note T&C has not inspected this property.

Tenure
Freehold

Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.

Auction Information
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a £3666.67 VAT subject to a minimum of £3666.67 VAT buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property Lot. The auction conditions require a full legal completion 28 days following the auction unless otherwise stated .

Pre Auction Offers Are Considered
The seller of this property may consider a pre auction offer prior to the auction date. All auction conditions will remain the same for pre auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer s Premium, and the deposit. To make a pre auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre auction offer please contact us.

Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS . Any stamp duty and or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations."

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Listing data

Data
2 beds
Terraced
96 days on market

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