Tenanted 1- & 2-bed Apartments
Stockton-on-Tees, County Durham
£49,000 (prices from)

Net
Gross
Finance

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We’re thrilled to have secured a mix of 1- & 2-bed tenanted apartments in a residential development in Stockton-on-Tees. A low entry level of investment at just £49,000 and net yields up to 9% make this an unmissable opportunity. With the units already tenanted, you’ll receive a return on your money from day one. The development is close to all local amenities and on the door step of the North Shore regeneration scheme.

Why buy in this development?

Prices from just £49,000

Gross yields up to 11%, net yields up to 9%

Purpose built apartments in a residential area

Each apartment comes with an allocated parking space

Just 500ft from the £300m North Shore redevelopment project

Why buy in this area?

Massive North Shore regeneration and development project taking place just 500ft away, £300m of new residential, retail and leisure space creating 4,500 new jobs in the area

£190m of EU funding has been allocated to Teeside for employment and regeneration

Durham Universitys Queens Campus, with 2,000 students, is just a mile away

Location

 

Due to a shortage of housing in the area, the government awarded £12.8m to Teesside for the first phase of the combined authoritys Housing Growth Corridor plan, with more than 2,100 new houses being built in Stockton.

Since the 1980s Stockton has seen a large increase in services industries, as employment moved away from manufacturing. The development of Teesdale Business Park on the south bank of the River Tees has created commercial space with many large service providers locating their call centres and offices in the area. Durham Universitys Queens Campus is also situated within the Teesdale development, which is linked to the town centre by the Teesquay Millennium Footbridge, Princess of Wales Bridge and the Infinity Bridge.

The Stockton-Middlesbrough Initiative is a 20-year vision for regenerating the urban core of the Tees Valley, the main focus being the 30 km² area along the banks of the River Tees between the two centres of Stockton and Middlesbrough. The master plan has been drawn up by environmental design specialists Gillespies, the eventual aim being to bring distinctive high-quality city-scale assets to the centre of the Tees Valley, including the town centres of Stockton and Middlesbrough. The project will include the existing developments at North Shore, Stockton and Middlesbrough, with many others over a 15- to 20-year period.

The town is served by two main arterial roads: the transpennine A66 (east/west) and the A19 (north/south). The A66 connects Stockton directly to Middlesbrough (8 miles to the east) and Darlington (10 miles to the west).

Durham Tees Valley Airport, formerly Teesside Airport, is partially located within the borough, several miles west of the town. The airport offers domestic and international flights, the latter particularly to EU countries.



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Risk Warning and Disclaimer:

The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz Property Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.