A GREAT INVESTMENT OPPORTUNITY

A great investment opportunity! Enjoying an elevated position on Bishopton Road this substantial three storey Victorian terraced house has been converted into two good sized self contained flats which has provided the current owner with a rental income of £10,000 plus per annum. However, with some planning and modification it has great potential to be converted into six good sized bed sits and once fully occupied could provide a potential income of £24,000 per annum ( based on Stockton Borough Councils Local Housing Allowance rates from April 2014 to March 2015 for a one bedroom dwelling)

Tenure

Freehold

Ground floor flat one comprises entrance hall, lounge, double bedroom, dining kitchen and bathroom. The first floor flat has a large lounge, double bedroom, kitchen and bathroom and there are two further good sized bedrooms on the second floor. Each flat has the benefit of independent gas fired combination boilers serving radiators. Other features include a re-tiled main roof and an external insulation system has recently been installed.

Ground Floor

Entrance Vestibule: Entrance Hall: Door opens onto staircase to first and second floor flat. Flat One: Hallway: Under stairs cupboard, radiator. Living Room: 17’10” into bay window x 13’8” into alcoves. Radiator. Bedroom: 14’6” x 11’9” into alcoves. Radiator. Dining Kitchen: 12’6” x 9’6” into alcoves. Range of Shaker style wall, drawer and floor cupboards. Roll edge work surfaces with tiled splash back, single drainer stainless steel sink unit with mixer taps over, plumbing for automatic washing machine. Rear Lobby: Door onto rear yard. Bathroom w/c: Panelled bath with electric shower over, pedestal wash basin, low flush w/c, radiator.

First Floor

Flat Two: Landing: Staircase to second floor bedrooms. Radiator. Living room: 18’2”into alcoves x 13’6” Built in cupboard, gas fired with surround, radiator. Bedroom One: 14’6” x 11’9” into alcoves. Radiator. Kitchen: 9’4” x 8’8” Beech style wall, drawer and floor cupboards. Roll edge work surfaces with tiled splash backs, single drainer stainless steel sink unit with mixer taps over, gas cooker point, plumbing for automatic washing machine, radiator, wall mounted gas fired combination boiler. Bathroom: Three piece suite comprising panelled bath, low flush w/c, wash basin, radiator.

Second Floor

Bedroom: 18’2” into alcoves x 13’7” Radiator. Bedroom: 15’6” x 11’9” into alcoves. Radiator.

External

Good sized front garden with lawn and steps up to the front door. Walled rear yard with rear access gate.

Directions

Very well placed within easy walking distance of Stockton town centre and Stockton railway station. Bishopton Road can be approached from either Bishopton Lane and A1305 Prince Regent Street/Norton Road or Oxbridge Avenue/Bishopton Avenue.

Services & appliances

Please note that any services, heating systems or appliances have not been tested, and no warranty can be given or implied as to their working order.

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Stockton-on-Tees Borough Council

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1200 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.