Project Description

Location
The subject property is located on the corner of Cornwall Street and Charterhouse Street, 1.5 miles south of Hartlepool.

Within the immediate vicinity of the property various local, national and international retailers are attracted to the area due to its dense population. In addition, the area is well services by schools and colleges.

Hartlepool which can be accessed via the regular public transport system or by the main A689 hosts a marina and further amenities.

National rail is also located in Hartlepool and provides access to the Northeast.

Description
This end terraced accommodation which is accessed from the main street via a small palisade briefly comprises large lounge, dining room and kitchen to the ground floor.

To the first floor there are 3 large bedrooms and a family bathroom.

Externally there is a rear yard and unrestricted on street parking to the front and side of the property.

We are informed by the vendor that the property has recently been rewired but requires a small element of updating and redecorating, however can be let in its current condition.

Accommodation
Total    95m2    1023ft2
Approx. gross internal floor area taken from the EPC register.

Services
We understand the property is connected to mains gas, electric, water and drainage.

Tenure
Freehold

Investment Analysis
It is envisaged the property will currently rent to a family for between £4,200 and £4,500 pa, this represents a gross yield in excess of 21%

Council Tax
The property is rated in Council Tax Band A. Council Tax payable (2016/2017) is £1170.73

*Guide Price
£20,000+

Viewing by Appointment

To view this property, please contact John Pye Property – property@johnpye.co.uk – 0115 970 6060

Please click the following link to access the legal pack documents – http://www.johnpye.auctiondocs.com/

Address

107 Cornwall Street
Hartlepool
TS25 5RN

Features

✓ 3 Bedroom end terrace
✓ Close to good amenities
✓ Recently rewired
✓ Requires further decoration
✓ Potential rental income £4,200 – £4,500 pa representing gross yield in excess of 21%
✓ Good Transport Links
✓ Freehold

Contact

Matt Kirk
Phone: 0115 970 6060
Email: property@johnpye.co.uk
Our Ref: PR217

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