16 Helmsley Street, Hartlepool, Cleveland, TS24 8QN

Description

A mid-terraced house with two-bedrooms. The accommodation comprises, a living room, a kitchen, two-bedrooms and a bathroom. Externally there is a yard to the rear. The property is well located for all amenities and transport links. Ideal investment opportunity. The total approximate floor area, taken from the EPC is 67m2 and the energy rating is D. All services/appliances have not and will not be tested.

Accommodation

Living room, kitchen, two bedrooms and bathroom; externally, a rear yard.

Location

Well located for all amenities and transport links.

Tenure / Property Information

Investment Analysis

The five same-street freehold terraced comparables range from £37,000 to £86,000, with three sales at £50,000-£51,000. A base GDV of £51,000 is used, with £37,000 as a low scenario and £86,000 as a high scenario. The wide range and absence of condition details prevent a more precise valuation. The June 2026 £86,000 sale is treated as an upper scenario rather than the central indication.

Investment Snapshot

Strategy Recommendation

Potentially suitable for a cash-flow-led BTL or BRRR strategy at the guide, subject to inspection, achieved-rent validation, legal review and confirmation that no material works are required. Maintain a strict bid limit because condition, additional fees and the wide comparable range are unresolved.

Works Required

No specific refurbishment works are evidenced. Allowance should be made only after inspection, including checks to the accommodation, services, appliances and general condition; services and appliances will not be tested by the auctioneer.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £51,000 base GDV and no quantified refurbishment allowance because none is evidenced, 75% GDV refinancing is £38,250. Against the £31,200 guide-price cost including the minimum buyer premium, the indicative refinance proceeds exceed that cost by £7,050 before finance, tax, valuation, legal and any works costs. This is highly dependent on the actual valuation, condition and lender criteria.

Buy-to-Let Analysis

At the £30,000 guide, the supplied asking-rent evidence of £542-£850 pcm indicates a gross yield range of approximately 21.7%-34.0%. Using the Hartlepool average asking rent of £598 pcm gives £7,176 annual rent and a 23.9% gross yield on the guide, or 23.0% including the £1,200 minimum buyer premium. These are advertised asking rents, not achieved rents, and exclude operating, finance, tax and additional auction costs.

Flip Analysis

The base GDV of £51,000 is above the £30,000 guide and produces an indicative £19,800 difference before any refurbishment, selling, finance, tax, legal or other costs. A reliable flip surplus cannot be calculated because refurbishment and selling allowances are not supplied, and the comparable prices vary materially.

Investor Risks & Due Diligence

• Services and appliances have not and will not be tested.

• The property condition is not described sufficiently to quantify refurbishment costs.

• Comparable sales range widely from £37,000 to £86,000.

• Rental evidence comprises advertised asking rents rather than achieved rents and ranges widely from £542 to £850 pcm.

• Additional search, seller, legal and transfer fees may apply but are not quantified.

• Finance, tax, valuation, insurance, operating and selling costs are excluded from the calculations.

• Occupancy and tenancy status are not supplied.

Recommendation

Potentially suitable for a cash-flow-led BTL or BRRR strategy at the guide, subject to inspection, achieved-rent validation, legal review and confirmation that no material works are required. Maintain a strict bid limit because condition, additional fees and the wide comparable range are unresolved.

Strategy Rating

Analysis Confidence

Same-street completed sales and several rental asking-rent indicators are available, but condition, occupancy, actual achieved rent, refurbishment costs, selling costs and some auction charges are unknown.