2-bedroom flat · TS20 2TD
Listing removedListed 89 daysAuction 25 Dec · ended
Opportunity summary
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About
TWO BEDROOM FIRST FLOOR MAISONETTE FOR SALE BY ONLINE LIVESTREAM AUCTION ON TUESDAY 11TH AUGUST 2026 AT 12 NOON TWO BEDROOM FIRST FLOOR MAISONETTE A spacious first floor maisonette situated in Norton within a managed development, and just a short walk from the popular Norton High Street.
Being sold with tenant-in-situ providing a net rental income of £400pcm/£4,800 per annum gross. Accommodation comprises: Entrance hallway, kitchen and lounge to the lower floor.
Stairs leading to the upper floor offer two bedrooms, bathroom and loft.
Externally there are communal gardens and parking spaces are available.We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. We ask all parties to complete full due-diligence on any auction property by reading a full pack prior to bidding.
Come auction day (11th August), you must be in a position to legally exchange contracts at the fall of the gavel, a 10% deposit (£5,000 min) is required and completion is set for 28 days later.
You must be registered to bid, Please note that previous purchases, interest or registration through the Auction House Brand are not valid for a forthcoming auction and therefore you MUST register your interest with the office on .
Please also note that holding an EIgroup account will not give you bidding authorisation, this authorisation can only be granted via the Tees Valley branch once all forms, documentation and completed ID checks have been received at .
for any further assistance, please do not hesitate to contact us in the office.
Auctioneers Notes Property construction – Standard Electricity supply – Mains Water supply – Mains Sewerage – Mains Heating – Gas Broadband - Standard Speed – 17 mbps Mobile signal / coverage – O2–Very Good/Three/EE/Vodafone – Good Parking – On Street Building Safety – See Legal Pack Restrictions – Yes - See Legal Pack Rights and easements - See Legal Pack Flood risk – Very Low Coastal erosion – Very Low Planning permission – See Legal Pack Accessibility / adaptions – See Legal Pack Coalfield or mining area - See Legal Pack Tenure: Leasehold Lease Details: 125 years from 25 December 1984 Administration Fee: £1800 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: 1.8% inc VAT of the purchase price, subject to a minimum of £2100 inc VAT, payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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
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FAQ
About 6 Carmel Gardens, Norton, Stockton-On-Tees, Cleveland TS20 2TD
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