2 bed flat for sale

Warren Road, Hartlepool TS24

Summary

This is a fantastic opportunity to acquire a well-presented, tenanted investment property, ideally located within the popular coastal town of Hartlepool. This stylish two-bedroom apartment offers an immediate and reliable income stream, currently generating 475 per calendar month, equating to an impressive 12.0% annual rental yield, making it an excellent addition to any landlord's portfolio.

Upon entering, you are welcomed by a bright and inviting entrance area, seamlessly leading through to the main living accommodation. The apartment benefits from two well-proportioned bedrooms, both offering comfortable and practical living space for tenants. These are served by a well-maintained, modern bathroom, finished to a good standard and in keeping with the property's overall aesthetic.

Situated within a pleasant residential setting, the property enjoys close proximity to a range of local amenities, transport links, and everyday conveniences, enhancing its appeal to tenants and ensuring continued rental demand.

Offered with a tenant already in situ, this property provides a ready-made investment with immediate returns, while also presenting future potential for first-time buyers or investors alike.

Early interest is expectedsecure this excellent investment opportunity in the ever-popular Hartlepool market today.

For sale through Pattinson Auction under Conditional Terms.
Council Tax Band: B
Tenure: Leasehold
Length of Lease: 79
Annual Service Charge Amount: 1,200.00

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.