St Pauls Court Apartments, St Pauls Street, Stockton-On-Tees, Durham, TS19 0AB

For Sale

Residential Investment, Stockton-On-Tees, TS19


St Pauls Court Apartments
St Pauls Street
Stockton-On-Tees
Durham
TS19 0AB

The property is a former care home converted to provide 58 apartments, arranged as 15 studios, 42 one beds and 1 two bed. The block sits in a U-shaped layout around a courtyard with a shared private garden, landscaped areas, 13 on-site parking spaces and a secure bike store. It is of traditional masonry construction beneath a pitched tiled roof, over three floors with a uniform floorplate. Internally, the apartments provide modern, practical accommodation with fitted kitchens and good quality bathrooms.


St Pauls Court Apartments, St Pauls Street, Stockton-On-Tees, Durham, TS19 0AB
  • Ref: 2093862
  • Tenure: Freehold
  • Types: Residential Investment
  • Freehold: £3,400,000

Key Features

  • Freehold converted block of 58 apartments

  • Shared private gardens, on-site parking and bike store

  • Combination of studios, one-bed and two-bed apartments

  • Refurbished in 2023

  • 98% of the apartments hold an EPC rating of 'C'

  • Fully let producing a total gross income of £378,780 pa

  • Estimated Rental Value (ERV) of £420,000 pa

  • Reversionary and value-add asset management opportunity

  • Guide price of £3,400,000 reflects 11.14% Gross Yield

Location

St Pauls Court Apartments, St Pauls Street, Stockton-On-Tees, Durham, TS19 0AB

St Paul's Court is located on St Paul's Street, a short walk from Stockton town centre, within an established residential area offering convenient access to a wide range of local amenities.

Additional Info

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