Property Details

2 bedroom apartment for sale For Sale

Clough Close, Ayresome, Middlesbrough, Tees Valley, England, TS5 5ET, United Kingdom

£65,000

ROI = 15% BMV = 20.61%

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Description

Welcome to this two bedroom apartment located in the desirable area of Clough Close, Middlesbrough. This modern residence, built in 2006, offers a comfortable living space of approximately 646 square feet, making it an ideal choice for investors seeking a lucrative rental opportunity. Upon entering, you will find a well proportioned reception room, two spacious bedrooms and a well appointed bathroom. One of the standout features of this property is the convenience of private parking, ensuring that there is a secure place for a vehicle. The leasehold fee is set at £2,054 per annum, which is also approximately £171 per month, making it manageable for prospective buyers. It is currently tenanted with a rental income of £550 per month or £6,600 annually, this apartment presents an excellent investment opportunity for those looking to enter the rental market. The competitive asking price of offers over £65,000 makes this property an attractive option for those seeking value in a thriving area.

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