2-bedroom flat · TS17 0AU
For saleListed 129 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale as a ready made buy to let investment with a tenant in situ, this stylishly upgraded and well presented two bedroom top floor apartment also benefits from allocated and visitor parking.
Please note, the apartment is 'Leasehold' and there are annual for both the ground rent (£300.00) and service charge (£1062.52).
The management company is believed to be Nationwide Property Management Ltd.
In brief, accommodation comprises: A secure, communal entrance hallway, apartment hallway with wood laminate flooring, neutral decor and two storage cupboards, a double bedroom with a white en-suite shower room, a three piece contemporary bathroom, a second good-sized bedroom, lounge and a re-fitted, modern kitchen equipped with cookware.
Externally there is allocated occupier parking to the rear of the building and visitor parking to the front.
The property is sold with a tenant in situ, with a currently rental return of £500.00 PCM on a periodic tenancy. Please note, the images of the apartment were taking prior to the tenancy commencing.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Fullerton Way, Thornaby, Stockton-on-Tees
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