The Potteries, Middlesbrough, TS5
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
2
- SIZE
781 sq ft
73 sq m
Key features
- Top Floor Two Double Bedroom
- Two Bathroom
- Allocated Parking
- Bright & Spacious Open Plan Living Room
- Convenient Location For Shops & Amenities
- Less Than 2 Miles to the City Centre
- Excellent Public Transport Links Nearby
- Good Local Schools & Easy Access to The James Cook Hospital
- Tenanted & Generating Immediate Income
- Ideal For Owner Occupiers & Investors
Description
Currently tenanted on a rolling monthly contract at £550pcm.
TAKE A LOOK AT THE 360 VIRTUAL TOUR!
Mr Investa are pleased to present this STUNNING 2 double bedroom, 2 bathroom, top floor apartment with ALLOCATED PARKING, located less than 2 miles from Middlesbrough city centre in a popular and spacious residential development - The Potteries.
In brief, the property comprises; entrance hall with secure intercom entry system and storage cupboard, bright and spacious open plan lounge and dining kitchen with fitted appliances, two double bedrooms and two bathrooms.
The property includes allocated parking and residents benefit from the communal gardens.
Idyllic location less than 2 miles from Middlesbrough city centre with a variety of supermarkets, retail shops, bars and restaurants. There are good local schools nearby and easy access to James Cook Hospital. For commuters, there are excellent public transport services and links to the A1.
Current tenanted on a rolling monthly contract.
Financial Performance
Rental Income: £550pcm / £6,600 per annum
Service Charge: £2,100 per annum
Ground Rent: £250 per annum
Lettings Fee 10% + VAT: £792 per annum
NET INCOME: £3,458
NET YIELD: 5.1%
NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa does not accept any responsibility in respect of this information provided.
Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
£250 per year (Ask agent about the review period)When and how often your ground rent will be reviewed.Read more about ground rent review period in our glossary page.
ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
£2100
LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
130 years left
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: D
The Potteries, Middlesbrough, TS5
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Middlesbrough Station1.6 miles
- Thornaby Station2.1 miles
- Marton Station2.3 miles
About the agent
Mr Investa Ltd, Salford
Mr Investa, Blue Tower, MediaCityUK, M50 2ST
We offer a unique and bespoke service for Landlord to Landlord Sales.
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Visit our security centre to find out moreDisclaimer - Property reference MSN-39785652. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Mr Investa Ltd, Salford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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