3 Bed Terraced House, Motivated Seller, Hartlepool, TS26 8EE, £65,000

Mulgrave Road, Hartlepool, Cleveland, TS26 8EE - 8 views - 3 years ago

Sold STC
Motivated
BTL
ROI: 10%
~122 m²
+8 photos

ValuationUndervalued

Sold Prices£25K - £280K
Sold Prices/m²£397/m² - £2.5K/m²

 

 

Square Metres

~122.10 m²
Price/m²£532/m²

Value Estimate

£78,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£4,450

Total Cash In

£20,700

 

 

Cash Out

 

Rent Range

£450 - £2,000

Rent Estimate

£495

Running Costs/mo

£322

Cashflow/mo

£173

Cashflow/yr

£2,075

ROI

10%

Gross Yield

9%

Local Sold Prices

49 sold prices from £25K to £280K, average is £93K. £397/m² to £2.5K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£51K11/200 mi20, Mulgrave Road, Hartlepool TS26 8EE3
£55K02/210.03 mi169, Alma Street, Hartlepool TS26 8EH3
£59.3K05/210.04 mi10, Mulgrave Road, Hartlepool TS26 8EF3
£86K11/230.04 mi18, Cobden Street, Hartlepool TS26 8LE3
£37.7K06/210.07 mi2, Cundall Road, Hartlepool TS26 8LQ3
£31K12/200.07 mi30, Thornville Road, Hartlepool TS26 8EW3
£144K10/210.07 mi122, Grange Road, Hartlepool TS26 8JJ3
£69K10/210.09 mi49, Duke Street, Hartlepool TS26 8PU3
£45K11/230.09 mi18, Raeburn Street, Hartlepool TS26 8PT3
£48K02/230.09 mi136, Sheriff Street, Hartlepool TS26 8EL3
£32K06/240.09 mi5, Brafferton Street, Hartlepool TS26 8LH3
£136K02/230.09 mi2, Welldeck Gardens, Hartlepool TS26 8LB3
£70K05/230.13 mi16, Tankerville Street, Hartlepool TS26 8EY3
£114.5K11/230.13 mi30, Duke Street, Hartlepool TS26 8PX3
£90K08/210.14 mi102, Sandringham Road, Hartlepool TS26 8PS3
£38.5K06/210.14 mi12, Topcliffe Street, Hartlepool TS26 8LL3
£170K02/240.16 mi24, Wilton Avenue, Hartlepool TS26 9PT3
£140K01/240.17 mi22, Welldeck Road, Hartlepool TS26 8JP3
£92.8K01/210.17 mi16, Welldeck Road, Hartlepool TS26 8JP3
£120K11/210.17 mi26, Welldeck Road, Hartlepool TS26 8JP3
£113K12/200.17 mi36, Welldeck Road, Hartlepool TS26 8JR3
£133K12/200.17 mi49, Welldeck Road, Hartlepool TS26 8JR3
£85K09/210.18 mi29, Duke Street, Hartlepool TS26 8QF3
£180K02/230.18 mi51, Welldeck Road, Hartlepool TS26 8JS3
£50.5K09/230.18 mi61, Brook Street, Hartlepool TS26 8QQ3
£68K04/210.19 mi81, Welldeck Road, Hartlepool TS26 8JS3
£93K08/210.19 mi20, Hartoft Square, Hartlepool TS26 8GB3
£115K03/240.2 mi91, Welldeck Road, Hartlepool TS26 8JS3
£122K04/240.2 mi54, Welldeck Road, Hartlepool TS26 8JS3
£280K01/210.2 mi161, Grange Road, Hartlepool TS26 8LU3
£159.5K12/220.2 mi12, Hutton Avenue, Hartlepool TS26 9PN3
£73K09/210.21 mi63, Collingwood Road, Hartlepool TS26 8QS3
£202.5K07/230.21 mi33, Clifton Avenue, Hartlepool TS26 9QW3
£25K05/210.22 mi38, Sheriff Street, Hartlepool TS26 8HE3
£75K05/230.22 mi2, Briar Walk, Hartlepool TS26 8RR3
£175K04/210.22 mi2, The Oval, Hartlepool TS26 9QH3
£172.5K03/210.22 mi61, The Oval, Hartlepool TS26 9QH3
£227.5K04/240.22 mi8, The Oval, Hartlepool TS26 9QH3
£235K07/210.23 mi59, Tunstall Avenue, Hartlepool TS26 8NE3
£80K06/240.24 mi145, Hart Lane, Hartlepool TS26 8NW3
£105K02/230.24 mi131, Hart Lane, Hartlepool TS26 8NW3
£187K05/240.25 mi40, Tunstall Avenue, Hartlepool TS26 8NE3
£180K09/210.25 mi20, Granville Avenue, Hartlepool TS26 8ND3
£180K11/230.25 mi26, Granville Avenue, Hartlepool TS26 8ND3
£187.7K02/230.26 mi107, Welldeck Road, Hartlepool TS26 8JT3
£87.5K01/230.26 mi123, Welldeck Road, Hartlepool TS26 8JT3
£68K06/210.26 mi131, Welldeck Road, Hartlepool TS26 8JT3
£157K04/210.26 mi10, Grantham Avenue, Hartlepool TS26 9QT3
£75K08/240.26 mi11, Collingwood Road, Hartlepool TS26 8QT3

Local Rents

29 rents from £450/mo to £2K/mo, average is £550/mo.

RentDateDistanceAddressBeds 
£55010/240.03 mi-3
£52510/240.05 mi-3
£55002/240.06 mi-3
£59510/240.06 mi-3
£55004/250.07 mi-3
£50003/250.1 mi-3
£55010/240.14 mi-3
£55010/240.18 mi-3
£59504/250.18 mi-3
£71510/240.29 miThe Green3
£50001/250.37 mi-3
£2,00010/240.39 mi-3
£45004/250.39 mi-3
£49504/250.39 mi-3
£55002/250.4 mi-3
£55009/240.43 mi-3
£65010/240.45 miOsborne Road, Hartlepool, TS263
£79510/240.45 miOsborne Road, Hartlepool, County Durham, TS263
£57510/240.45 miOakley Gardens, Hartlepool, TS243
£65010/240.46 miJesmond Gardens, Hartlepool, TS243
£60002/250.48 mi-3
£62510/240.49 miOsborne Road, Hartlepool, TS263
£65010/240.49 miRaby Road, Hartlepool, County Durham, TS243
£49502/240.52 mi-3
£77502/250.56 mi-3
£55010/240.57 miSt. Oswalds Street, Hartlepool3
£59010/240.58 mi-3
£47510/240.6 miLister Street, Hartlepool3
£55003/250.6 mi-3

Local Area Statistics

Population in TS26

25,253

Population in Hartlepool

76,084

Town centre distance

0.86 miles away

Nearest school

0.20 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

-10%

Property History

Listed for £65,000

May 12, 2022

Floor Plans

Description

  • Terraced House +
  • Residential Area +
  • Three Bedrooms +
  • Fitted Kitchen +
  • Set Over Three Floors +
  • Close to Hartlepool Train Station +
  • Many Amenities Nearby +
  • Freehold +
  • Council Tax Band A +
  • Viewing Advised +

ATTRACTIVELY PRICED - FREEHOLD - Council Tax band A - Terraced House - Residential Area - Three Bedrooms - Fitted Kitchen - Set Over Three Floors - Close to Hartlepool Train Station - Many Amenities Nearby - Freehold - Council Tax Band A - Viewing Advised

We are delighted to offer on to the market this three bedroom terraced house. It is situated in a large residential area in Hartlepool. The area benefits from many amenities such as shopping facilities, supermarkets, food/drink establishments, and schools. The property is also nearby the Hartlepool train station.

The entrance on the ground floor opens to the hall, which leads to a living room, reception room, a fitted kitchen with a breakfast area. Further, the accommodation comprises three large bedrooms and a three-piece family bathroom with a storage cupboard.

Externally there is a rear yard. Viewing comes highly recommended.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy this property. Here are the benefits for you:

o Works like a normal sale with a few security measures for both parties

o Focuses on speed

o Realistically priced properties

o Buy it now option available - speak to our advisor today

o Reduces chances of fall-throughs & drastically reduce timescales for exchange
o No risk of being gazumped

o Focus and motivation on both sides

For Sale by Springbok Properties' using our "Buyer-Friendly" Premium Fast Sale Plus, which puts you in the driving seat thanks to Springbok's fast and secure way of buying.
Our sellers are motivated and willing to price their properties competitively in order to ensure a fast and secure sale.

You can now secure the sale with a reservation deposit of £2,500, this forms part of the final purchase price. It is NOT an extra cost.

An administration fee of £396 draws up an exclusive legally binding contract between the buyer and seller giving the buyer exclusive rights to purchase within a given timeframe.

Paying the reservation deposit ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you, eliminating gazumping and helps you avoid losing money and wasting time which most buyers like you may face with the traditional estate agent's approach.

You get a fixed exclusivity period (approximately 8 weeks) in which you can arrange surveys and prepare to exchange contracts, safe in the knowledge that you will not be gazumped by another buyer.

STEP 1 - Register your interest

STEP 2 - Sort out your finances

STEP 3 - Arrange a viewing

STEP 4 - Make an offer

STEP 5 - Secure your sale using our buy and secure it now system

STEP 6 - Exchange and completion

Don't miss out on this realistically priced property; call us today for further information and to arrange a viewing.

Please note this is a realistically priced property and is likely going to create a fair amount of buying interest to achieve a faster sale. If you're interested in buying this property, we'd urge you to contact us immediately to avoid losing out.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy this property.

We highly recommend early viewing as this property is priced relatively low and is likely to generate significant interest.

Please call us now to book an appointment

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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