8 bed terraced house for sale

Shaftesbury Street, Stockton-On-Tees TS18

## Shaftesbury Street – 8-Bedroom Investment Property

**Investment Opportunity | 8 Bedrooms | 5 Bathrooms | Existing Rental Income | Significant Value-Add Potential**

Century Three is pleased to present this substantial **eight-bedroom, five-bathroom investment property on Shaftesbury Street**, offering investors the opportunity to acquire an established income-producing asset with further scope to add value.

The property **does require a good level of refurbishment**, providing an incoming purchaser with the opportunity to modernise and improve the accommodation over time. However, importantly, the property is **already generating a strong rental income in its current condition**, meaning an investor could continue operating the property without immediately committing capital to refurbishment.

### Current Rental Breakdown

| Unit | Rent | Status |
| -------- | -------: | -------- |
| Flat 1 | £350 pcm | Occupied |
| Flat 2 | £290 pcm | Occupied |
| Flat 3/4 | £290 pcm | Occupied |
| Flat 5 | £290 pcm | Vacant |
| Flat 6 | £290 pcm | Occupied |
| Flat 7 | £400 pcm | Vacant |
| Flat 8 | £425 pcm | Occupied |

Based on the figures provided, the property has a **fully occupied potential rental income of approximately £2,625 pcm**, equivalent to **£31,500 per annum**.

With the two currently vacant units excluded, the property is presently generating approximately **£1,935 pcm**, equivalent to **£23,220 per annum**.

This gives an incoming investor two clear options: **retain the property largely as it stands and benefit from the existing income stream**, with the potential to increase income by letting the vacant units, or undertake a more comprehensive refurbishment to improve the accommodation and potentially enhance both rental performance and the property's overall value.

With **eight letting units, five bathrooms, existing tenants and further income available from the vacant accommodation**, Shaftesbury Street represents an attractive opportunity for an investor seeking a high-income asset with genuine value-add potential.

**Key Features:** Eight-bedroom investment property | Five bathrooms | Existing tenants in situ | Current income approx. £23,220 pa | Fully occupied potential income approx. £31,500 pa | Two units currently vacant | Refurbishment and value-add potential | Opportunity to retain and operate in current condition | Potential to increase income through full occupancy.