1 bed flat for sale

Thornaby Place, Thornaby, Stockton-On-Tees TS17

Summary

Investment Opportunity - Sold with Tenant in Situ | Current Rental Income 525 pcm

An excellent opportunity to acquire a well-presented one-bedroom apartment within the popular Newport House development in Thornaby, offered for sale with a tenant in situ and currently generating a rental income of 525 per calendar month.

Located in a convenient riverside setting, this modern apartment provides an attractive turnkey investment for landlords seeking immediate income from day one. The accommodation briefly comprises an entrance hall, a spacious open-plan living and kitchen area, a generous double bedroom and a contemporary bathroom suite.

Newport House is ideally situated close to a range of local amenities, shops, leisure facilities and transport links, with easy access to Stockton-on-Tees, Middlesbrough and the wider Tees Valley area. The development continues to be popular with tenants due to its convenient location and low-maintenance living.

The property benefits from a secure communal entrance, double glazing and allocated parking (subject to confirmation).

Council Tax Band: A
Tenure: Leasehold
Length of Lease: 114

Front Exterior

The property is accessed via a secure communal entrance with intercom system, leading into a well-maintained communal hallway. Externally, the development benefits from allocated and visitor parking, attractive landscaped surroundings, and a modern faade, creating an impressive first impression for residents and guests alike

Entrance Lobby

The building benefits from a welcoming and well-maintained communal entrance hall, featuring secure access, modern dcor, and staircase access to the upper floors. The spacious reception area creates an excellent first impression and is regularly maintained, providing a clean and inviting environment for residents and visitors alike.

Living Room (3.8m x 3.2m)

A bright and well-proportioned living space featuring a double-glazed window providing natural light, neutral dcor and fitted carpet. The room offers ample space for both lounge and dining furniture and benefits from an open-plan layout flowing into the kitchen area, creating an ideal space for modern living and entertaining. Wall-mounted electric heater and ceiling light point.

Kitchen (2.5m x 1.5m)

Fitted with a range of wall and base units incorporating complementary work surfaces and tiled splashbacks. Featuring an inset stainless steel sink and drainer, electric hob with oven below and space for freestanding appliances including a fridge/freezer and washing machine. The kitchen benefits from laminate flooring, ceiling lighting and an open-plan layout to the living area, providing a practical and functional space for everyday living.

Bedroom 1 (3.3m x 3.2m)

A spacious double bedroom offering ample room for a double bed and additional bedroom furniture. The room benefits from neutral dcor, fitted carpet and a double-glazed window allowing for good levels of natural light. Door leading to the adjoining accommodation, with ceiling light point and electric heater, creating a comfortable and practical sleeping space.

Bathroom (2.1m x 1.3m)

This bathroom is fitted with a modern three-piece suite comprising a panelled bath with shower over and tiled surround, low-level WC, and pedestal wash hand basin. The space is finished with neutral dcor and contemporary flooring, creating a bright and practical room ideal for everyday use

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.