329 Linthorpe Road
Middlesbrough
TS5 6AA
Tower Street, Hartlepool
Asking price £25,000
1 Bedroom Flat
- COUNCIL TAX BAND 'A'
- £80 PER MONTH GROUND RENT / SERVICE CHARGE
- EPC - scheduled to be carried out on the 6TH NOVEMBER 25
- OVER 100 YEARS LEFT ON THE LEASE
- ** A BUYERS PREMIUM OF £1750 + VAT IS PAYABLE ON COMPLETION WHEN PURCHASING THIS PROPERTY **
** A STUNNING GROSS YIELD OF 16.8% AT ASKING PRICE - WITH TENANT IN SITU FOR IMMEDIATE RETURNS **
A STUDIO APARTMENT, WHICH IS ONE OF THE LARGER DESIGNS OF STUDIOS IN THIS BLOCK, AND IS GENERATING A RENTAL INCOME OF £350PCM COURTESY OF A UNIVERSAL CREDIT FUNDED TENANT IN SITU WHO MOVED IN 20TH AUGUST 2024. THE PORPERTY OFFERS NEUTRALLY DECORATED ACCOMMODATION THROUGHOUT AND OFFERS A ALL IN ONE LOUNGE / BEDROOM / KITCHEN WHICH IS OF GENEROUS PROPORTIONS, WITH A SEPARATE BATHROOM WITH WHITE SUITE. THE MARKET VALUE RENT IS MORE LIKELY NOW IN THE 375-395 PCM BRACKET THUS OFFERING FURTHER OPPORTUNITY TO INCREASE THE YIELD FURTHER STILL. BEING SOLD WITH A TENANT INSITU THIS IS AN OPPORTUNITY FOR A TRUE HANDS OFF INVESTMENT WITH GENROUS RETURNS FROM THE DAY ANY INVESTOR TAKES WONERSHIP. THE STUDI IS SET CLOSE TO THE HARTLEPOOL MARINA, THE TRAIN STATION, THE CENTRAL SHOPPING DISTRICT OF HARTLEPOOL INCLUDING THE MIDDLETON GRANGE SHOPPING CENTRE. EASE OF ACCESS TO THE A689 PROVIDES SWIFT ACCESS TO WOLVISTON AND THE A19 AND BEYOND.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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