1 bed apartment to buy in TS17
Newport House, Thornaby Place, Thornaby, Stockton-on-Tees, Durham, TS17 6SH
Online auction
- One-bedroom apartment
- Third Floor
- Sold with tenant in situ £525pcm
- Secure communal entrance
- Popular riverside location
- Ideal addition to an investment portfolio
1 bed apartment to buy in TS17
Investment Opportunity – Sold with Tenant in Situ | Current Rental Income £525 PCM
An excellent opportunity to acquire a well-presented one-bedroom apartment within the popular Newport House development in Thornaby, offered for sale with a tenant in situ and currently generating a rental income of £525 per calendar month.
Located in a convenient riverside setting, this modern apartment provides an attractive turnkey investment for landlords seeking immediate income from day one. The accommodation briefly comprises an entrance hall, a spacious open-plan living and kitchen area, a generous double bedroom and a contemporary bathroom suite.
Newport House is ideally situated close to a range of local amenities, shops, leisure facilities and transport links, with easy access to Stockton-on-Tees, Middlesbrough and the wider Tees Valley area. The development continues to be popular with tenants due to its convenient location and low-maintenance living.
The property benefits from a secure communal entrance, double glazing and allocated parking (subject to confirmation).
Length of Lease: 114
Annual Ground Rent Amount: £700.00
Annual Service Charge Amount: £1,800.00
Summary
- Property Type: Apartment
- Bedrooms: 1
- Receptions: 1
- Tenure: Leasehold
- Heating: Electric
- Parking: Allocated
Front Exterior
The property is accessed via a secure communal entrance with intercom system, leading into a well-maintained communal hallway. Externally, the development benefits from allocated and visitor parking, attractive landscaped surroundings, and a modern façade, creating an impressive first impression for residents and guests alike
Entrance Lobby
The building benefits from a welcoming and well-maintained communal entrance hall, featuring secure access, modern décor, and staircase access to the upper floors. The spacious reception area creates an excellent first impression and is regularly maintained, providing a clean and inviting environment for residents and visitors alike.
Living Room
3.80m x 3.20m (12'5" x 10'5")
A bright and well-proportioned living space featuring a double-glazed window providing natural light, neutral décor and fitted carpet. The room offers ample space for both lounge and dining furniture and benefits from an open-plan layout flowing into the kitchen area, creating an ideal space for modern living and entertaining. Wall-mounted electric heater and ceiling light point.
Kitchen
2.50m x 1.50m (8'2" x 4'11")
Fitted with a range of wall and base units incorporating complementary work surfaces and tiled splashbacks. Featuring an inset stainless steel sink and drainer, electric hob with oven below and space for freestanding appliances including a fridge/freezer and washing machine. The kitchen benefits from laminate flooring, ceiling lighting and an open-plan layout to the living area, providing a practical and functional space for everyday living.
Bedroom 1
3.30m x 3.20m (10'9" x 10'5")
A spacious double bedroom offering ample room for a double bed and additional bedroom furniture. The room benefits from neutral décor, fitted carpet and a double-glazed window allowing for good levels of natural light. Door leading to the adjoining accommodation, with ceiling light point and electric heater, creating a comfortable and practical sleeping space.
Bathroom
2.10m x 1.30m (6'10" x 4'3")
This bathroom is fitted with a modern three-piece suite comprising a panelled bath with shower over and tiled surround, low-level WC, and pedestal wash hand basin. The space is finished with neutral décor and contemporary flooring, creating a bright and practical room ideal for everyday use
Floor Plan
Timescales
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
Legal Pack
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5%, subject to a minimum £4,000 which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable reservation fee of 2.5%+ VAT to a minimum of £3,000 + VAT (£3,600 inc VAT) This does not form part of the purchase price.
More Information
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.
If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.
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Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.
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It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.
The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.
Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid
Please note this bidding process applies specifically to online auctions.
More Information is available:
For more information, call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
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