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4 bedroom terraced house for sale
Mulgrave Road, Hartlepool TS26
£100,000
Mulgrave Road, Hartlepool TS26
£100,000
Our Summary
- After value add, the potential annual rental of £14,851
- This 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
Description
This property presents a unique investment opportunity, comprising three self-contained flats with a combined annual rental income of £6,678 per month. The two currently rented units generate £678 per month, while the third, a vacant studio, requires refurbishment to increase rental income. The property offers high yields and potential for value add through improvements. The three flats are located in a conveniently located building and have a total potential annual rental income of £14,851.20 pa, estimated using Local Housing Allowance rates.