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3 bedroom semi-detached house for sale
Tweddle Crescent, Blackhall Colliery, Hartlepool, TS27
£58,499
Tweddle Crescent, Blackhall Colliery, Hartlepool, TS27
£58,499
Our Summary
- This three-bedroom semi-detached home provides a compelling investment opportunity in a popular residential location within Blackhall Colliery
- This property is competitively priced, offers strong rental demand and immediate value uplift potential, and represents a strong addition to any buy-to-let portfolio
Description
This three-bedroom semi-detached home in Blackhall Colliery offers a compelling investment opportunity with immediate equity and strong rental demand. The property, previously occupied by long-term tenants, is now vacant and available for purchase. With a schedule of light works estimated to cost £4,500, the property is expected to generate an estimated 12% gross yield at the asking price of £58,500. The property benefits from front and rear gardens, gas central heating, and is offered on a freehold basis. Recent comparable evidence supports strong capital value in the street, with a similar property selling for £78,000 in October 2023. The property requires a selective licence, which is currently held, and the buyer will need to pay a licence fee and administration fee. With a competitive asking price, strong rental demand, and immediate value uplift potential, this property represents a strong addition to any buy-to-let portfolio.