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4 bedroom terraced house for sale
Mulgrave Road, Hartlepool
£88,000
Mulgrave Road, Hartlepool
£88,000
Our Summary
- After value add, the potential annual rental of £14,851
- 20 pa (Estimated using Local Housing Allowance rates)DESCRIPTIONThis property presents a rare and unique investment opportunity to acquire 3 x self contained rental units
- The third unit, a vacant studio, requires some refurbishment, offering potential to increase rental income once renovated
- This property is ideal for investors seeking high returns in the rental market, with the added opportunity to enhance value through improvements
- PRIME INVESTMENT OPPORTUNITY
Description
This property is a converted building comprising three self-contained flats, offering a rare investment opportunity with high yield potential. The property currently generates a combined annual rental income of £6,678 per month, with the potential to increase this further by refurbishing the vacant studio. The property is conveniently located and has a potential annual rental income of £14,851.20 per annum, estimated using local housing allowance rates. The property requires some refurbishment, particularly in the vacant studio, but offers a unique opportunity for investors to enhance value and increase rental income.