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4 Bed Property House For Sale York Road, Hartlepool, TS26

£125,000- Property

Yield: 5.55%
Auction Property
1 of 11
Yield: 5.55%
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  • Rental Guide: £460 - £580
  • 4 Bedroom(s)
  • Description
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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 7th April 2021

Description

A mid terraced three story building of traditional construction beneath a pitched roof. The building is arranged as a ground floor hot food takeaway unit with separate access to a four bedroom maisonette at first and second floor level. The maisonette is arranged as four bedrooms, reception room, kitchen & bathroom/WC.


Location:

Hartlepool is a port town lying on the North Sea coast about 18 miles south east of Durham and 29 miles south east of Newcastle upon Tyne. It can be accessed via the A179 and A689, with the latter providing access to the A19 and A1(M) to the west. Hartlepool and Seaton Carew railway stations serve the town, which provided regional rail links to the likes of Sunderland, Newcastle and Middlesbrough, which provide national rail connections.

York Road forms part of the B1277, one of the main routes in to the town centre. The property forms part of an established retail parade on the west side of the road, near its junction with Elwick Road and opposite its junction with Houghton Street.


Online Auction on Tuesday, 27 April 2021. For further information, such as legal documents and property information, please visit bidx1.com.
Agent Details
Bidx1
Heathcoat House, 20 Savile Row, Mayfair, London, W1S 3PR
**This report is currently a Beta Test Version. Do not rely on the information provided below.

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
5.1

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current all-time record low interest rates are making monthly mortgage payments more affordable so more people will buy houses, which will lead to house prices increasing.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages, will lead to steady house price growth.
5

Fiscal Policy

First Home Stamp Duty:
£0
Buy To Let or Second Home:
£3,750
The governments recent policies including, not to add additional tax to this property price band, will be positive for future price growth.
10

Comparison with other investment alternatives

Investing in this property will give you a slightly better regular return, when compared to other conservative investments.
5

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
Sorry, there are few recent rental listings in proximity to this property.

4 Bedroom properties in “TS26” are mostly listed between £460 - £580 based on the 4 recent listings found.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested