16 Shaftesbury Street, Stockton-on-Tees, Cleveland, TS18 3EL

Ref: Lot 20

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Town & Country Property Auctions North East
Town & Country Property Auctions North East

Unconditional (Buyer's Premium)


UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+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).

Description

A compelling opportunity to acquire a well-configured, income-producing HMO in the heart of Stockton-on-Tees, ideally suited to professional investors seeking immediate cash flow with long-term upside.

This substantial property is arranged as a mixed-income HMO investment comprising:
Five individual letting rooms served by shared communal amenities
One self-contained flat
One self-contained studio apartment

The layout provides diversified income across multiple tenancies, enhancing resilience and reducing reliance on any single occupant.

Strong, Proven Income

The property currently generates £2,365.66 per calendar month, equating to £28,387.92 per annum, delivering robust day-one returns without the delays or risks associated with conversion or repositioning projects.

This income profile makes the asset particularly attractive for:
Yield-focused investors
Portfolio landlords seeking stable cash flow
Buyers utilising leverage who require strong rental cover

Optimised HMO Configuration:
5 letting rooms with shared amenities – maximising rental density and strong demand from shared accommodation tenants
1 self-contained flat – offering independent living with broader tenant appeal
1 studio apartment – compact, efficient and typically achieving strong occupancy levels

The blend of room lets and self-contained units creates a balanced rental model, spreading income across multiple occupiers while appealing to different tenant demographics.

Location & Demand:
Situated on Shaftesbury Street, the property benefits from a location that continues to see consistent rental demand, driven by affordability, local employment opportunities and strong appetite for both shared accommodation and compact independent living.

Investment Highlights:
Established income-producing HMO
£28,387.92 annual income
5 rooms + 1 self-contained flat + 1 studio
Diversified tenancy structure
Attractive entry point into a high-yielding rental market
Ideal for both experienced and expanding HMO investors

Summary:
16 Shaftsbury Street represents a ready-made HMO investment with strong, verifiable income and multiple revenue streams. For investors seeking immediate returns, scalability and long-term performance, this is a strategic acquisition with day-one yield in place.

Important Notice & Disclaimer:
The property is offered for sale by Unconditional Auction. Buyers must carry out their own inspections, surveys, searches and legal due diligence prior to bidding.
Town & Country Property Auctions North East has not inspected all parts of the property and has relied on information provided by the vendor and third parties. No warranties or representations are given as to the condition, suitability or compliance of the property. All information is provided for guidance only and must be independently verified by prospective purchasers and their professional advisers.

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.

Key Feature 1

£28,387.92 annual income

Key Feature 2

5 rooms + 1 self-contained flat + 1 studio

Key Feature 3

Attractive entry point into a high-yielding rental market


* 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.

Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.

All auctioneer fees and deposits stated are non-refundable. The deposit will be applied toward the final purchase price. Auctioneer fees, while not contributing to the purchase price, will still be included in the total chargeable consideration of the property when calculating Stamp Duty Land Tax, Land Transaction Tax, or Land and Buildings Transaction Tax (as applicable depending on whether the property is located in England, Wales, or Scotland).

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