Norton Mews, 359 Norton Rd (OFF... 1 bed apartment for sale

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Norton Mews, 359 Norton Rd (OFF... 1 bed apartment for sale

Norton Mews, 359 Norton Rd (OFF Dorlcote Place ), Stockton on Tees, TS20 2PH
£64,995

Our Summary

  • 64m(5\'4\'\')Council Tax Band: AEnergy Performance: Current: E, with potential: B

Description

This 1-bedroom first-floor apartment in the Norton Mew Development is a fantastic investment opportunity. Located within walking distance of Norton High Street, the property features a hallway, open-plan kitchen/living area, double bedroom, and shower room. The property is currently tenanted, generating an annual rental income of £6,300, which translates to a gross yield of 9.7% or a return on investment of 38.7% based on a 25% deposit. With its prime location and attractive rental income, this property is sure to appeal to investors.