Latest Valuation
£40,000
ROCE
37%
Location
Hartlepool

Off-Market BTL – Huge Investment in the Area

The ideal plan is to benefit from instant income and refinance in the near future to benefit from the capital growth in the area.
Guide Price
£37,500

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Key Features

  • Gross Yield 11.2%
  • Huge Investment in the Area - Set to be UKs largest Freeport
  • Off-market

The Property

A tenanted one-bed top floor penthouse flat, with views of the marina in Hartlepool, County Durham. The area is undergoing massive regeneration and has been named as part of the Teeside Freeport which will make it once again an industrial powerhouse, this is set to create thousands of jobs in the area. There are multiple investments in the local area including the regeneration of the Church Street Conservation Area and the water front. The Hartlepool port serves as a hub for renewable energy, oil and gas activity and is now set to be the largest freeport in the uk which should bring around 19000 jobs over the coming years. This is bound to lead to a capital appreciation in property and large rental demand.

Purchase price: £37,500 (No stamp duty!)

Tenanted at £350 pcm

Gross yield: 11.20%

Discounted sourcing fee of only £2,500

An ideal addition to any buy to let portfolio, high yielding and cash flowing from day one with great prospects for future capital growth.

Selling office: Sourced Rochdale

Planning Information

N/A

The Plan

The ideal plan is to benefit from instant income and refinance in the near future to benefit from the capital growth in the area.

The Location

In a well located residential area close to amenities.

Average estimated value for a house in TS24 7DN

£113,062

Sales of flats around TS24 7DN had an overall average price of £113,062 over the last year.

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