12 Laburnum Avenue
Ref: Lot 205
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12 Laburnum Avenue, Thornaby, Stockton-on-Tees, Cleveland, TS17 8ND
Fantastic Investment Opportunity – High-Yield 3-Bedroom Student House in Thornaby-on-Tees
Fantastic Investment Opportunity – High-Yield 3-Bedroom Student House in Thornaby-on-Tees
Description
Introducing a prime investment property located in the heart of Thornaby-on-Tees, perfectly tailored for the student rental market. This well-maintained 3-bedroom terraced house is currently tenanted on individual room rates, offering an excellent income stream and the potential to achieve an impressive 15% gross yield.
Key Features:
Three Spacious Bedrooms: Each room is fully furnished and rented individually, ensuring maximum rental income.
Prime Student Location: Situated close to local amenities, transport links, and within easy reach of Teesside University, making it highly attractive to students.
Modern Communal Areas: A shared lounge and fully equipped kitchen provide comfortable living spaces for tenants.
Updated Bathroom Facilities: Includes a modern bathroom with essential fittings.
Low Maintenance: The property benefits from a manageable rear yard and modern interiors requiring minimal upkeep.
High Rental Yield Potential: With its current configuration and demand in the area, the property has the potential to reach a 15% gross yield.
Strong Demand: Thornaby-on-Tees is a thriving rental market, particularly for students and young professionals.
Scope for Growth: Opportunity to review rents or enhance features for increased income over time.
This property is an ideal investment for landlords looking to expand their portfolio or for those seeking a high-performing asset in a growing rental market. With its strategic location, steady tenant demand, and strong yield potential, it’s an opportunity not to be missed!
Contact us today to arrange a viewing and secure this lucrative investment. Act fast – properties like this don’t stay on the market for long!
Buyers Premium
* PLUS 5% BUYERS PREMIUM OR MINIMUM OF £5000 + VAT
Tenure
Freehold
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.
Special Conditions
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.
Council Tax Band
A
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
Auction Ends:
Fantastic Investment Opportunity – High-Yield 3-Bedroom Student House in Thornaby-on-Tees
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- Bidding via committed offer is simple
- Bid for free - No bidders security deposit needed, just register for auction passport
- Online bidding process runs to advertised end date
- If you are highest bidder at the end of the bidding process one of the TCPA / Auctionline team will contact you to proceed with the sale under relevant legal process. A reservation fee and deposit may be required at this stage. please contact relevant team or refer to terms and conditions
- All interested bidders are assumed to have carried out due diligence and checks prior to bidding on the lot
- Buyers are advised to refer to individual terms and conditons, relevant legal pack and are not to rely on details or videos provided by the agent as statement of fact on the basis on proceeding with a sale
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