Well-maintained three-bedroom investment property let at £495 PCM (£5,940 per annum), with a long-term tenant in situ, no rent arrears, a recently installed boiler and immediate rental income from completion.
Description
Offered to auction is this spacious three-bedroom mid-terraced property, sold subject to an existing tenancy and currently generating £495 per calendar month (£5,940 per annum), presenting an excellent opportunity for buy-to-let investors seeking an immediate income-producing asset.
The accommodation extends to approximately 83 sq. m. and briefly comprises an entrance hallway, generous living room, separate dining room, fitted kitchen and family bathroom to the ground floor. To the first floor are three bedrooms, including a spacious principal bedroom. Externally, the property benefits from an enclosed rear yard.
The property has been occupied by the current tenant for almost two years, with the vendor advising that the tenant has maintained the property to a good standard, is fully up to date with rent payments with no arrears, and wishes to remain in occupation, providing buyers with continuity of rental income from completion. The vendor has also confirmed that a new boiler was installed approximately two years ago, offering additional peace of mind.
Situated within easy reach of Hartlepool town centre, local amenities, schools and transport links, this is a ready-made investment with an established tenant in place from day one.
Prospective purchasers are advised to refer to the legal pack for full tenancy details and all information relating to the property.
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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