Norton Road Stockton-on-Tees
Norton Road, located in Stockton-on-Tees, offers an assisted living development comprising six one and two-bedroom units. This facility provides essential care and support for individuals who require help to live independently in their own residences. With personalised assistance, residents can maintain their housing and enhance their life skills, fostering greater independence.
About Norton Road
These properties can be purchased either as an entire block or as individual units. Each residence is meticulously designed to offer a safe and secure environment for vulnerable individuals, significantly improving their quality of life. Each apartment comes with a 25-year management agreement from Yale Housing Association.
10% Yields
Cash Buyers Only
Strategic Location
25-year Management Agreement
Key Facts
- Prices starting from £144,040
- 1 and 2 bedroom apartments
- Strategic and in-demand location
- Starting net yield of 10%
- Upward-only annual rent review (CPI + 1% linked)
- No break clause
- No ground rent
- No service charge
- No maintenance costs
- No void or lead-in periods
Why Stockton-on-Tees
The demand for assisted living properties in the UK is surging, opening opportunities for privately owned sites to be leased at premium rates under long-term agreements with local authorities nationwide. Although the initial cost of an assisted living property may be higher than that of a typical residential property in the same area, the rental yields are notably superior. Moreover, with the continuing rise in demand for these properties, the potential returns are expected to increase even further. Investors can achieve substantial returns on their investments while witnessing the significant benefits these residences provide to their occupants.
