House for Sale in Hartlepool - Duke Street
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Social Housing Investment in Hartlepool - Fully Refurbished and Tenanted
Available for immediate purchase, this terraced house is based on Duke Street in Hartlepool - just a twenty-minute walk from the town centre. As the property is tenanted, a net yield of up to 8.98% is achievable.
Key Figures
£58,000Starting Price
8.98%Net Yield
Q1 2021Completion Date
Investment Details
This deceptively large 3-bedroom house for sale in Hartlepool has undergone a full refurb, tastefully done using local re-fitters to a high standard. This property benefits from a brand-new bathroom, kitchen, and Combi boiler.
The property is in a prominent position near to eateries and shops and is around a 20-minute walk from the city centre.
The property is priced just below similar three-bedroom properties in the area, which have sold for between £60,000 – £80,000. This makes it an attractive investment as it has the potential to fetch good levels of capital growth over the long term and recent refurbishment makes it attractive to tenants.
About social housing tenants
In the United Kingdom there are tenants which are called social housing tenants and because of their circumstances, they may qualify for universal credit. As the name suggest, that is where the government pays a portion of your accommodation costs, such as rent.
Duke Street is based in the TS26 post code of Hartlepool and research shows that a larger percentage of households in the area fit the profile than the average UK post code.
The overall price of the property is £58,000 and as it is fully refurbished and tenanted, it is ideal for those who wish to proceed with an investment immediately. The property is purchased on a freehold basis.
The Numbers
Ground Rent:
Number of Units:1
Service Charge:
Prices:£58,000
Leasehold:Freehold
- Combi boiler
- Floor to ceiling tiles in bathroom
- Fitted kitchen
- Custom back door
- New carpets to stairs and living room
- Key safe installed to front door
Cash-only purchase of £58,000
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