Sourced are excited to present this ready-made investment opportunity in Hartlepool. This spacious 3-bedroom home, currently set up as an HMO, requires minimal or no refurbishment to enhance its appeal and profitability. With 3 bedrooms and 2 reception rooms, there is potential to convert it into a 4-bedroom HMO, increasing both rental income and overall return on investment.

Property details:
▪ Bedrooms: 3
▪ Reception Rooms: 2
▪ Bathrooms: 2 (with potential to increase to 4)

Financials
▪ Purchase price: £90,000
▪ GDV: £130,000
▪ Refurb costs: £10,000
▪ Purchase costs: £10,000
▪ Profit once sold: £14,950
▪ ROCE: 31%

Rental potential after refinancing
▪ Annual rent: £22,800
▪ Annual net profit: £9,037
▪ Rental yield: 18%
▪ Net yield 7% (factoring all costs- council tax, utilities, broadband, insurance, maintenance, letting fee)
▪ ROCE: 51%
▪ Money left in the deal: £17,550

Why Invest?
▪ Just 0.7 miles from the city centre and railway station, ensuring strong tenant demand.
▪ No Article 4 restrictions.
▪ Strong Yield & ROI – High rental yield and competitive returns, even in its existing setup.
▪ Excellent transport links, schools, and local amenities support steady occupancy rates.

This property is an ideal ready-made investment, with the option to be bought fully furnished. We have factored in a £10,000 refurbishment budget for possibility of adding two en-suite bathrooms, creating a 4-bedroom, 4-bathroom HMO, further enhancing its desirability and rental yield.

▪ Sourcing fee: £3,000 + VAT

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.