30 Derby Street, Hartlepool TS25 5SL

Description

An excellent investment proposition in the form of this traditionally constructed mid terrace house, offered for sale with the benefit of well proportioned and versatile accommodation throughout. The property will appeal to investors and developers alike, as a high yield generating portfolio addition, with potential income of £600 pcm (£7200 per annum).

Accommodation

Ground Floor: Entrance Hall; Living Room; Kitchen; Family Bathroom. First Floor: Bedroom 1; Bedroom 2. Outside: Courtyard to rear.

Location

The property is situate on Derby Street, Hartlepool, a well positioned and popular area within close reach of the town centre and its many facilities and amenities, along with easy access of the coast and Hartlepool marina. The surrounding towns and Cities along with the North Yorkshire coastline are within convenient reach.

Tenure / Property Information

Investment Analysis

Recent same-street sold evidence ranges from £39,999 to £85,999, with a £50,000 median. A reasonable evidence-based scenario range is £40,000–£79,000, although condition differences are unknown.

Investment Snapshot

Strategy Recommendation

Potential BTL or BRRR purchase subject to inspection, legal-pack review and confirmation of actual refurbishment and acquisition costs. Do not rely solely on the headline yield.

Works Required

No specific defects or required works are evidenced. Inspection and legal-pack review are required; any refurbishment allowance remains unsupported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £50,000 base GDV, 75% refinance equates to £37,500. Whether this repays purchase and project costs cannot be established because works and additional auction costs are unknown.

Buy-to-Let Analysis

The auctioneer’s £600 pcm estimate implies £7,200 annual rent and an 80% gross yield against the £9,000 guide. Advertised evidence also includes £375 and £550 pcm. The £3,600 admin charge, unknown works, disbursements, finance and operating costs materially reduce the effective return.

Flip Analysis

The base GDV is £50,000 against the £9,000 guide, but refurbishment, legal/disbursement costs, selling costs and finance costs are not supplied. A reliable flip surplus cannot therefore be calculated.

Investor Risks & Due Diligence

• Unknown condition and refurbishment requirements

• £3,600 buyer administration charge plus possible further disbursements

• Rental figures are asking or auctioneer estimates, not achieved or passing rent

• Comparable sale prices vary substantially

• Refinance valuation and lending terms are unconfirmed

Recommendation

Potential BTL or BRRR purchase subject to inspection, legal-pack review and confirmation of actual refurbishment and acquisition costs. Do not rely solely on the headline yield.

Strategy Rating

Analysis Confidence

Same-street sales and rental evidence are available, but property condition, works, legal-pack disbursements, selling costs and passing rent are not confirmed.