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Mellor Street, Stockton-On-Tees, Cleveland, TS19 - Image 1

Mellor Street, Stockton-On-Tees, Cleveland, TS19

North East

£25,000
Listed on 01/11/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom terrace home presents a noteworthy opportunity for those interested in renovations and investment potential. While the property does require updating, its current tenant generates an annual rental income of £3,600, offering immediate cash flow for prospective buyers. Internally, the layout includes a welcoming entrance hall that leads to a lounge and a dining room, providing ample space for relaxation and entertainment. The kitchen, rear lobby, and a shower room are conveniently located on the ground floor. Upstairs, you'll find two bedrooms along with a separate WC. The property benefits from partial double glazing and gas central heating via a combination boiler. Situated in an area with good access to local amenities, this home is well-placed for those looking to capitalize on future value increases through renovation or improvements. Externally, there is an enclosed rear yard that offers outdoor potential as well as on-street parking available at the front. This residence holds significant appeal for buy-to-let investors or developers seeking to enhance the property’s condition and increase its market value over time. The unique combination of location, current tenancy income, and renovation opportunities make it a compelling option for those looking to invest wisely in real estate.

Investment Analysis

(TS19 area)
Area Average
£168/sq ft
Avg Rent (weekly)
£161
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (TS19)

Area prices are rising by +2.3% over the last 12 months
3 year growth: 4.0%
5 year growth: 20.6%
Investment Disclaimer: Analysis based on TS19 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

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Location

Mellor Street, Stockton-On-Tees, Cleveland, TS19
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