This property offers a unique investment opportunity with three self-contained flats, conveniently situated near Hartlepool Town Centre. The large terraced house has been adapted to create individual living spaces across three levels. Each flat features essential rooms, making them suitable for rental purposes. The ground floor flat includes a lounge, bedroom, kitchen, and shower room and is currently occupied with a rental income of £410 per month. The first-floor flat mirrors this layout but comes with a gross income of £359.66 per month from its current tenants. The third-floor studio flat has an open-plan design and is currently vacant, presenting an opportunity to increase overall rental returns upon modernisation.
The combined annual rental income for these flats stands at approximately £9,235.92, with significant potential for growth by renovating the vacant unit and upgrading existing facilities throughout the property. While there is room for improvement and enhancement in terms of aesthetics and functionality, the location near local amenities makes this an attractive prospect for both seasoned investors and first-time buyers looking to enter the rental market in Hartlepool.
