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30 Richmond Street, Hartlepool, Cleveland TS25 5SH
Marketed by:
Strettons
Waltham House, 11 Kirkdale Rd, Bushwood, London E11 1HP, UK
020 7637 4000
Tenanted 3 Bed Terrace
30 Richmond Street, Hartlepool, Cleveland TS25 5SH
For Sale
£33,500+
Key Features
Tenanted 3 Bed Terrace
Guide price £33,500+
Status: For Sale
Current published income £5,700 pa
Preferred strategy: Buy-to-Let / BRRR
Risk level: Medium
Description
Tenanted freehold mid-terraced house producing £5,700 pa.
Location
30 Richmond Street, Hartlepool, Cleveland TS25 5SH. The full postcode TS25 5SH has been used for mapping. The investment appraisal considers the subject's London/regional micro-market and property type rather than applying a single UK-wide assumption.
Investment Analysis
Investment Snapshot
Guide Price | £33,500+ |
Likely Purchase Range | £33,500–£36,180 |
Approx. Size | Not established |
Refurbishment Budget | £7,000–£20,000 |
Purchase + Works | £40,500–£56,180 |
Estimated GDV / Value | £65,000–£85,000 |
Current Published Rent | £5,700 pa |
Current Gross Yield at Guide | 17.0% |
HB Estimated Market Rent | £675–£825 pcm |
Potential Annual Rent | £8,100–£9,900 pa |
Gross Yield at Guide | 24.2%–29.6% |
Gross Yield on Total Cost | 14.4%–24.4% |
LHA Benchmark | Not established – use the relevant BRMA where strategy warrants it |
75% GDV Refinance | £48,750–£63,750 |
Suggested Strategy | Buy-to-Let / BRRR |
Risk Level | Medium |
Analysis Confidence | Medium |
Works Required
Targeted internal repairs and redecoration
Services testing and landlord compliance
External/common-part repairs identified by survey
HB working works allowance: £7,000–£20,000. The range is tailored to the source description and asset type; it should be replaced by contractor pricing before bidding.
Rental & Market Context
The auctioneer/source states current income of £5,700 p.a. This equates to approximately 17.0% gross on the published guide. HB's market-rent appraisal is £675–£825 pcm / £8,100–£9,900 p.a.; compare this against the passing rent, lease/AST terms and any void units before assuming an uplift.
Sold within 5m radius
Reliable recent property-level sold comparables that were sufficiently like-for-like were not established in this pass. No addresses or prices have been invented. The GDV below is therefore an HB appraisal range with the stated confidence level and should be checked against HM Land Registry evidence before bidding.
GDV Assessment
HB indicative end value is £65,000–£85,000. The range reflects the subject property's tenure, condition, location, guide level and intended buy-to-let / brrr strategy. Confidence is medium; use the lower figure for bid sensitivity rather than treating the upper figure as guaranteed.
Strategy Recommendation
Preferred strategy: Buy-to-Let / BRRR. The working purchase range is £33,500–£36,180. The key decision is whether the verified legal/physical position supports the works allowance of £7,000–£20,000 and the stated income/end-value case.
Potential BRRR Position
Using a mid-point purchase of £34,840 and mid-point works of £13,500, purchase + works is about £48,340 before SDLT, auction fees and finance. A 75% refinance on the £65,000–£85,000 end-value range is approximately £48,750–£63,750. At the mid-point, about £0 of purchase-and-works capital remains in the deal before acquisition/finance costs. HB BRRR rating: Strong.
Flip Analysis
Illustrative scenario: purchase £34,840, works £13,500 and approximately £4,287 for acquisition, finance/holding and selling costs. Total working cost is about £52,627 against a mid-point end value of £75,000, giving an indicative pre-tax margin of £22,373 (29.8% of GDV). On these assumptions the flip is viable and should be rejected if survey findings or bid competition erode the margin.
Investor Risks & Due Diligence
Read the full Strettons legal pack and special conditions, including administration/buyer fees
Verify title, tenure, lease length, occupational agreements and vacant-possession status
Inspect condition and replace HB works assumptions with surveyor/contractor evidence
Confirm finance and insurance availability for the exact asset type
Re-check current rents, ERV and sold evidence immediately before bidding
Maximum Bid Analysis
Guide £33,500+. HB considers the deal strongest around £33,500–£33,500. Above approximately £33,500, the conservative end-value/refinance margin starts to weaken materially. This is an investment sensitivity indicator, not a valuation or instruction to bid.
Recommendation
Overall HB view: Buy-to-Let / BRRR. Risk: Medium; analysis confidence: Medium. The principal sensitivity is end value, rent and works cost. Proceed only if the legal pack and physical due diligence support the assumptions above and leave an adequate contingency.
Strategy Rating
Buy-to-Let/Income: ★★★★☆ | BRRR/Repositioning: ★★★☆☆ | Flip: ★★★☆☆
Research Sources
https://www.strettons.co.uk/auction-residential-property-for-sale/3-bedroom-house-for-sale-in-30-richmond-street-hartlepool-cleveland-ts25-5sh-6a8305d1cf4bc9ebb1c9e896/ | https://www.strettons.co.uk/auctions/current-catalogue/ | https://ggfx-strettons.s3.eu-west-2.amazonaws.com/i/STRETTONS_100926_v3_a0b7eba637.pdf
Auction Details :
Strettons
Auction Date :
10/09/26
Lot Number :
015
Property Location:
30 Richmond Street, Hartlepool, Cleveland TS25 5SH
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