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Studio for sale

£71,995

Railway Terrace, Stockton-On-Tees TS17

1

Images may include optional upgrades at additional cost

Interested in this property? Call +44 20 7768 0120 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Luxury Studio Apartments
  • 10% Net rental yield guaranteed for 3 years
  • Just 50 yards away from University
  • 5% interest paid on all deposited funds
  • Award winning developer and management company in place
  • Fully furnished
  • A hassle free investment with full property management
  • 125 Year Lease

Property description

*cash buyers/investment only

Just under a 10 minute walk away from Durham University’s Queens Campus is The Rocket. It offers 218 studio apartments fully furnished to a high specification. A modern living space providing all of the contemporary comforts.

The Rocket will consist of 218 luxury fully furnished studio units. It is perfectly placed to meet the increasing demand for purpose built student accommodation, whilst at the same time providing investors with a fantastic income generating opportunity.

The Rocket will offer tenants the sole use of a modern gym, luxury cinema room, games room, and concierge service.

Investors will benefit from a 10% net rental yield, guaranteed for 3 years. Additionally there will be 5% interest paid on all deposited funds, making this truly an opportunity not to be missed.

This is a completely ‘hands off’ opportunity for all investors, with all units being fully managed by an experienced management company.

With flexible payment plans in place, the demand for this development has already been high, and is expected to sell quickly. Please fill out the form below to find out additional information and unit availabilities.
Market activity
Average price paid £172,113 Sales 590 Current average value £157,791 (Zoopla Zed-Index) Value change -£4,142 ▼ -2.56%

Property value data/graphs for TS17

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £214,563 £151 3.9 £232,392
Semi-detached £123,550 £140 3.0 £125,030
Terraced £91,034 £108 2.8 £89,317
Flats £91,951 £145 1.9 £79,376

Current asking prices in TS17

Average: £157,097
Avg. current asking prices in TS17
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £49,950
(1)
£95,971
(31)
£123,500
(85)
£217,071
(30)
£333,270
(22)
Flats £56,658
(6)
£74,025
(16)
£111,000
(2)
- -
All £55,700
(7)
£88,500
(47)
£123,213
(87)
£217,071
(30)
£333,270
(22)

Current asking rents in TS17

Average: £500 pcm
Avg. current asking prices in TS17
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £420 pcm
(1)
£452 pcm
(14)
£526 pcm
(14)
£633 pcm
(9)
-
Flats £418 pcm
(33)
£535 pcm
(23)
£670 pcm
(6)
- -
All £419 pcm
(34)
£503 pcm
(37)
£569 pcm
(20)
£633 pcm
(9)
-

Fun facts for TS17

Highest value in TS17
Highest value streets Zed-Index
Danes Brook Court £427,750
Lufton Close £409,655
Frocester Court £400,332
Brantingham Drive £359,317
Regency Park £352,742
Highest turnover in TS17
Highest turnover streets Turnover
Watersmeet Close 70.0%
Knebworth Court 57.1%
Hill View 53.8%
Frocester Court 50.0%
Tarell Court 45.5%

What Zoopla users think of Stockton-on-Tees

Overall rating:

  • currently 3.5 stars
Good - 71% (75 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Thornaby (0.2 miles)
  • Stockton (1.1 miles)
  • Eaglescliffe (2.6 miles)
  • Durham Tees Valley Airport (6.0 miles)
  • Newcastle Airport (36.8 miles)
  • Leeds Bradford International Airport (49.9 miles)
  • Transporter Bridge South Side (3.5 miles)
  • Transporter Bridge North Side (3.6 miles)
  • Newcastle International Ferry Terminal (30.7 miles)

Nearby schools

View all schools in Stockton-on-Tees
  • St. Patrick's Roman Catholic Primary School, A Voluntary Catholic Academy (0.4 miles)
  • Harewood Primary School (0.4 miles)
  • Mandale Mill Primary School (0.5 miles)
  • Stockton Riverside College (0.4 miles)
  • Cleveland College of Art and Design (2.4 miles)
  • Middlesbrough College (3.4 miles)
  • St Patrick's Catholic College, A Voluntary Catholic Academy (1.0 mile)
  • Thornaby Academy (1.2 miles)
  • North Shore Academy (1.3 miles)
Note: Distances are straight line measurements

Local info for Stockton-on-Tees

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For more information about this property, please contact
Aspen Woolf, N1 on +44 20 7768 0120 * (local rate)

Monthly running costs Beta

£458 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,199
Repayment term 25
Interest rate 1.5
Your payment £259 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £13/mo (£160/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £19 Electricity £27 Estimated energy cost £46/mo

Similar properties could save up to £156

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6300 kWh/year
Electricity: 1800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Stockton-on-Tees

Estimated tax band A Council tax cost £117 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £10 Sewerage £13 Estimated water cost £23 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Aspen Woolf about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Aspen Woolf, and do not constitute property particulars. Please contact Aspen Woolf for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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