Newbury Way

Investment Opportunity – 9 Newbury Way, TS23 3NP

Key Details

• Property Type: 3-Bedroom Mid-Terrace
• Tenure: Freehold
• Asking Price: £70,000
• Bedrooms: 3
• Bathrooms: 1 + Downstairs W/C
• Condition: Good condition throughout
• Tenant Status: Current tenant up to date on rent and exemplary
• Tenancy Term: Fixed until January 2026

Financial Summary

• Current Rental Income: £475 per calendar month (£5,700 per annum)
• Current Gross Yield: 8.14%

Market Rental Potential: £600 per calendar month (£7,200 per annum)

• Projected Gross Yield: 10.29%

Investment Highlights

• Attractive Yield: With strong rental returns and a low entry price, this property offers an excellent yield profile — both at current rent and projected market levels.
• Solid Tenancy: The current tenant has demonstrated excellent payment history and is contracted until January 2026, ensuring immediate, stable income from completion.
• Freehold Ownership: No ground rent or service charge costs — increasing long-term value and investor control.
• Good Condition: Well-maintained throughout, with photographs available from before the current tenancy began.

Location & Area Overview – Billingham, TS23

Billingham is a well-connected town in County Durham, offering a strong rental market driven by local industry, nearby employment hubs (including Teesside and Middlesbrough), and affordable living costs.

• Excellent transport links via the A19 and A66.
• Close proximity to Teesside Industrial Estate, Stockton-on-Tees, and Middlesbrough.
• Growing demand for rental accommodation from young professionals and families.

Recent Rightmove data indicates continued rental growth and steady price appreciation in the TS23 area, reflecting consistent tenant demand and limited supply.

Capital Appreciation Outlook

Property prices in Billingham have shown steady upward movement over the past few years, supported by regional investment, infrastructure improvements, and economic regeneration projects across Teesside. With rising rental values and limited affordable housing stock, both rental and capital appreciation prospects remain strong over the medium term.

Summary

Ideal For:

• Hands-off investors seeking immediate returns with a reliable tenant
• Portfolio landlords looking to expand in a strong rental area
• First-time investors wanting an affordable entry point with excellent yield potential

Let Pure Lettings Take The Strain…..

We offer a comprehensive lettings and property management service, ensuring our landlords benefit from one point of contact across all of their portfolio. From London to Lancaster, from Cardiff to Colchester, we offer a fully managed service for landlords looking to minimalise costs, and maximise efficiency across their portfolio.

• Fully managed lettings and property management service
• Comprehensive coverage throughout England and Wales
• One team, one fee across your full portfolio
• Rental income protection available
• Transfer your existing properties quickly and easily

If you would like to find out more about our lettings and property management service, or would like to find out how much we can save you each month, why not contact our team today on Tel: 0161 337 3890 to find out more?

Get in touch with the team