4 bed block of flats for sale

Wharton Street, Hartlepool TS24

For sale by online auction on Tuesday, 29 Sep 2026 ending at 11:24

Freehold Investment Opportunity – Block of Four Self-Contained Apartments – Fully Let – £24,936 Per Annum

An excellent opportunity to acquire a substantial freehold residential investment comprising four self-contained apartments, prominently positioned on the corner of Wharton Street and Errol Street in Hartlepool.

The property is arranged over three floors and comprises two studio apartments and two one-bedroom apartments, all of which are currently occupied by established long-term tenants. We are advised that all tenants are mature single occupants, are paying their rent on time with no current arrears, and wish to remain in occupation following the sale.

The current rental schedule is:

Studio Apartment – £455 pcm

Studio Apartment – £540 pcm

One-Bedroom Apartment – £520 pcm

One-Bedroom Apartment – £563 pcm

This provides a combined rental income of £2,080 per calendar month / £24,960 per annum.

Internally, the apartments provide self-contained living accommodation with kitchen facilities and shower/bathrooms. The building extends to approximately 123 sq m (1,324 sq ft) in total according to the supplied floor plan.

We are advised that the property has also benefited from a full roof replacement, providing a further attraction for investors.

A ready-made income-producing investment offering immediate rental income from four established tenancies, making this an attractive proposition for landlords and portfolio investors.

Tenure: Freehold

Current Rental Income: £24,960 per annum

Occupancy: Fully Let

Accommodation: 2 x Studio Apartments & 2 x One-Bedroom Apartments

Floor Area: Approximately 123 sq m / 1,324 sq ft

Sold Subject to Existing Tenancies

The property benefits from double glazingTenure: FreeholdEPC Rating: see legal pack

Portrait Video Tour
False

Additional Fees
Administration Charge - £3,600 inc vat payable upon the fall of the virtual gavel

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.