£ 50,000
Added: 31/01/2025
Profit pa£4,294
ROCE26%
Yield9%
Property description
Strategy: Buy to Let
"2-Bed Terraced Home in Hartlepool"
Our All-Inclusive Service:
- Property sourcing: We identify and secure profitable investment opportunities.
- Finance: We assist with securing competitive financing options.
- Refurbishment: Our in-house team handles all renovation and refurbishment work.
- Tenant placement: We find reliable tenants and manage the tenancy process.
- Property management: We provide comprehensive property management services, including rent collection and maintenance.
The financials:
▪ Purchase price: £50,000
▪ GDV: £77,500
▪ Refurb costs: £15,500
▪ Annual profit: £4,294
▪ ROCE: 26%
▪ Gross yield: 9%
▪ Estimated monthly rent: £600
Sourced reference: 217265598564925
Disclaimer
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Due diligence
Hartlepool is part of the Tees Valley Combined Authority, which has secured significant government funding for regeneration projects, including infrastructure, housing, and business development.
The Hartlepool Vision aims to transform the town into a thriving hub for business, tourism, and community living.
Hartlepool has a growing demand for affordable rental properties, driven by a mix of students, young professionals, and families.
The town’s low property prices and high demand make it an ideal location for buy-to-let investments.
