Terraced house for sale in Lancaster Road, Hartlepool TS24

Lancaster Road, Hartlepool Ts24 8Lr

Yieldit are proud to present this superb mid terraced property which has been recently entirely renovated to an incredible standard. Boasting 6 luxurious and fully furnished bedrooms with double beds and stylish ensuites, this an investment opportunity not to be missed.

Offered with vacant possession, in turnkey condition and with an anticipated rental income in the region of £39,000 the new owner can hit the ground running. The property briefly consists of; a communal living room, dining room and high specification kitchen the the ground floor, four of the ensuite bedrooms on the first floor and a further two bedrooms on the second floor. To the rear is a generously sized yard.

Lancaster Road is in the charming coastal town of Hartlepool, positioned close to local amenities including a retail park, the award-winning Marina, Historic Quay and the town centre meaning residents have everything they need within easy reach. Hartlepool train station provides regular services from Middlesbrough, Sunderland and Newcastle, as well as long distance services to London King's Cross via York.

County Durham sits between Newcastle, Sunderland and Hartlepool and is within easy reach of everything the Northeast has to offer. It is well regarded as an area for lucrative investment, with The Telegraph noting that County Durham is an area with some of the best returns for buy-to-let property investors. County Durham is on track to be named the UK’s City of Culture 2025, it’s just one of four locations in the UK to be shortlisted and achieving this status would result in colossal social and economic benefits, create thousands of jobs, boost the economy by millions and improve the lives of residents in the community. The BBC has too announced it will invest at least £25million over the next five years which will create BBC will create 70 digital jobs, increase opportunities and promote the region so now is the perfect opportunity to invest.

Financial Breakdown

Gross Rent: £36,000.00
Net income: £24,400.00
Gross yield: 11.61%
Net yield: 7.87%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-07916