sold out
Waterloo House
Starting From:- £65,000
Number of units:- 43
Completion:- 1st September 2017
Location:-
Teesdale South, Thornaby Place, Stockton-on-Tees, TS17 6SA
UK
Key Highlights
7% NET rental income assured for 3 years
Excellent centre location overlooking the River Tees.
35 x 1 Bedroom and 8 x 2 Bedroom Residential Apartments
Already built - Conversion to apartments
Information on Waterloo House
35 x 1 Bedroom Apartment
£65,000
8 x 2 Bedroom Apartment
£85,000
Total Block Purchase Price
£2,955,000
Completion Date
SEPT 2017
Net rental yield
7.0%
Net rental yield is assured for 3 years*
*: Ground rent not included in rental yield.
Average 1 bed service charge
£781 pa - per apartment £27,335 pa
Average 2 bed service charge
£1,185 pa - per apartment £9,480 pa
Ground rent
£300 pa per apartment £10,200 pa
Lease
125 Years starting from 2017
ResInvest is delighted to offer this development of 43 apartments consisting of 35 x 1 Bed and 8 x 2 Bed apartments. All newly renovated to a high standard in this converted building.
Disclaimer: Ground rent and service charge rates are provided for information purposes only and are subject to change and confirmation in the Contractual documentation provided on exchange and completion. Gross rental yield values are estimates and provided for information purposes only.
Stockton on Tees is market town in the North East of England in County Durham. It boasts a historical mixture of Georgian and Mediaval buildings. Stockton on Tees is part of the wider Teesvalley region. The area is served by strong transport links including national train lines, an airport and some of the most open motorways in the country. Top Russel group university Durham has its Queen's Campus which is linked to the town centre by the Teesquay Millennium Footbridge, Princess of Wales Bridge and the Infinity Bridge. Stockton plays host to plenty of attractions. There is a white water rafting course at Tees Barrage, country parks such as Ropner Park, Billingham Beck Park or Preston Hall Park & Museum. Stockton is home to over 100 acres of parkland overlooking the River Tees.
The Property Comprises of: Entrance Hall, Lounge, Kitchen, Fridge Freezer, Built in Oven, Hob and Extractor. A Good Sized Bedroom and a Modern Bathroom.
Approximate size: 390 sq ft (average)
Furnishing: Fully Furnished
Furniture Pack:
- Lounge
- 1 x 2 Seater Faux Leather Sofa (2 sofas included if there are 2 bedrooms)
- 1 x Glass Coffee Table
- Kitchen
- 1 x Glass Dining Table
- 4 x Dining Chairs
- Bedroom
- 1 x Double Wardrobe
- 1 x Large Chest of Drawers
- 1 x Bedside Drawer
- 1 x Faux Leather 4'6" Double Bed
Fully Furnished
The Property Comprises of: Entrance Hall, Lounge, Kitchen, Fridge Freezer, Built in Oven, Hob And Extractor. 2 Good Sized Bedrooms and a Modern Bathroom.
Approximate Size: 592 sq ft (average)
Furnishing: Furnished
Furniture Pack:
- Lounge
- 1 x 2 Seater Faux Leather Sofa (2 sofas included if there are 2 bedrooms)
- 1 x Glass Coffee Table
- Kitchen
- 1 x Glass Dining Table
- 4 x Dining Chairs
- Bedroom 1
- 1 x Double Wardrobe
- 1 x Large Chest of Drawers
- 1 x Bedside Drawer
- 1 x Faux Leather 4'6" Double Bed
- Bedroom 2
- 1 x Double Wardrobe
- 1 x Large Chest of Drawers
- 1 x Bedside Drawer
- 1 x Faux Leather 4'6" or 3'0" Double Bed (depending on room size)
Fully Furnished
Proposed Plan
Ground Floor
River View Facing Apartments 1, 3, 5, 6, 8, 10
Disclaimer: The floor plans provided are not drawn to scale and the layout is subject to change.
Proposed Plan
First Floor
River View Facing Apartments 11, 13, 15, 16, 18, 20
Disclaimer: The floor plans provided are not drawn to scale and the layout is subject to change.
Proposed Plan
Second Floor
River View Facing Apartments 22, 24, 26, 27, 29, 31
Disclaimer: The floor plans provided are not drawn to scale and the layout is subject to change.
Accommodation Schedule
| Plot | Floor | Beds | Bath | Garage | SqFt |
| 1 | G | 2 | 1 | Parking | 660 |
| 2 | G | 2 | 1 | Parking | 525 |
| 3 | G | 1 | 1 | Parking | 460 |
| 4 | G | 1 | 1 | Parking | 400 |
| 5 | G | 1 | 1 | Parking | 435 |
| 6 | G | 1 | 1 | Parking | 375 |
| 7 | G | 1 | 1 | Parking | 375 |
| 8 | G | 1 | 1 | Parking | 365 |
| 9 | G | 1 | 1 | Parking | 365 |
| 10 | G | 1 | 1 | Parking | 370 |
| 11 | 1 | 2 | 1 | Parking | 660 |
| 12 | 1 | 2 | 1 | Parking | 525 |
| 13 | 1 | 1 | 1 | Parking | 460 |
| 14 | 1 | 1 | 1 | Parking | 400 |
| 15 | 1 | 1 | 1 | Parking | 435 |
| 16 | 1 | 1 | 1 | Parking | 375 |
| 17 | 1 | 1 | 1 | Parking | 375 |
| 18 | 1 | 1 | 1 | Parking | 365 |
| 19 | 1 | 1 | 1 | Parking | 365 |
| 20 | 1 | 1 | 1 | Parking | 370 |
| 21 | 1 | 1 | 1 | Parking | 365 |
| 22 | 2 | 2 | 1 | Parking | 660 |
| 23 | 2 | 2 | 1 | Parking | 525 |
| 24 | 2 | 1 | 1 | Parking | 460 |
| Plot | Floor | Beds | Bath | Garage | SqFt |
| 25 | 2 | 1 | 1 | Parking | 400 |
| 26 | 2 | 1 | 1 | Parking | 435 |
| 27 | 2 | 1 | 1 | Parking | 375 |
| 28 | 2 | 1 | 1 | Parking | 375 |
| 29 | 2 | 1 | 1 | Parking | 365 |
| 30 | 2 | 1 | 1 | Parking | 365 |
| 31 | 2 | 1 | 1 | Parking | 370 |
| 32 | 2 | 1 | 1 | Parking | 365 |
| 33 | 3 | 2 | 1 | Parking | 660 |
| 34 | 3 | 2 | 1 | Parking | 525 |
| 35 | 3 | 1 | 1 | Parking | 460 |
| 36 | 3 | 1 | 1 | Parking | 400 |
| 37 | 3 | 1 | 1 | Parking | 435 |
| 38 | 3 | 1 | 1 | Parking | 375 |
| 39 | 3 | 1 | 1 | Parking | 375 |
| 40 | 3 | 1 | 1 | Parking | 365 |
| 41 | 3 | 1 | 1 | Parking | 365 |
| 42 | 3 | 1 | 1 | Parking | 370 |
| 43 | 3 | 1 | 1 | Parking | 365 |
Disclaimer: The schedule provided above is subject to change.
Square footage measurements are given on a base efforts basis and as such may vary +/- 10% from the figures shown.
35 x 1 Bedroom Apartment
£65,000
8 x 2 Bedroom Apartment
£85,000
Total Block Purchase Price
£2,955,000
Completion Date
SEPT 2017
Net rental yield
7.0%
Net rental yield is assured for 3 years*
*: Ground rent not included in rental yield.
The Area
Stockton on Tees is market town in the North East of England in County Durham. It boasts a historical mixture of Georgian and Mediaval buildings. Stockton on Tees is part of the wider Teesvalley region.
The area is served by strong transport links including national train lines, an airport and some of the most open motorways in the country.
Top Russel group university Durham has its Queen's Campus which is linked to the town centre by the Teesquay Millennium Footbridge, Princess of Wales Bridge and the Infinity Bridge.
Stockton plays host to plenty of attractions. There is a white water rafting course at Tees Barrage, country parks such as Ropner Park, Billingham Beck Park or Preston Hall Park & Museum. Stockton is home to over 100 acres of parkland overlooking the River Tees, a range of permanent attractions such as the famous Butterfly farm.
Approximate distances and journey times (by car) to these are as follows:
| Darlington Railway Station | 20 miles | 15 mins |
| Newcastle city centre | 38 miles | 49 mins |
| Stockton Town Centre | 2 miles | 8 mins |
| Newcastle Airport | 46 miles | 60 mins |
Stockton on Tees has seen a remarkable increase in investment over the past few years with more investment in the pipeline. The increase in investment has caused an escalation in employment. New jobs created within the area have risen by 8.5% since 2005; four times better than the average for the North East of England and twice that of the UK as a whole.
Disclaimer: Ground rent and service charge rates are provided for information purposes only and are subject to change and confirmation in the Contractual documentation provided on exchange and completion. Gross rental yield values are estimates and provided for information purposes only.
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