Three-bedroom freehold end terrace investment property, currently let at £550pcm to a long-standing tenant with no arrears, benefiting from a new roof and boiler and an EPC rating of C.
Description
A three-bedroom end terrace property offered for sale with a long-standing tenant in situ, providing an immediate income-producing investment opportunity.
The property is currently let to a single mature working tenant at £550 per calendar month, equating to a current annual rental income of £6,600. The tenant has occupied the property for nearly two years, has no rent arrears and has expressed a desire to remain in occupation following the sale, making this an attractive proposition for buy-to-let investors seeking an established tenancy from completion.
Arranged over two floors and extending to approximately 73 sq m (785 sq ft), the accommodation comprises an entrance hall, spacious living room, kitchen and bathroom to the first floor, with three bedrooms and landing to the second floor.
The property benefits from gas central heating, a new boiler and a new roof, together with a rear yard. Internally, the accommodation would benefit from some cosmetic improvement, offering scope for a purchaser to enhance the property over time while retaining the existing rental income.
Situated within an established residential area of Hartlepool, the property is conveniently positioned for local amenities, schools and transport connections.
Tenure: Freehold
EPC Rating: C
Current Rent: £550 PCM / £6,600 PA
Tenancy: Long-standing tenant in situ – nearly two years with no rent arrears
Accommodation: Three Bedrooms, Living Room, Kitchen & Bathroom
Approx. Floor Area: 73 sq m / 785 sq ft
Additional Benefits: New Roof & New Boiler
Council Tax: Buyers should make their own enquiries with the local authority.
Tenure: Freehold
EPC Rating: C
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
£3,600 inc vat payable upon the fall of the virtual gavel
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- 3 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
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