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Penrhyn Street, Hartlepool, Cleveland

North East

£50,000

Listed on 29/04/2026

Property details

Bedrooms
3
Type
Terraced

Description

This property presents a compelling opportunity for investors or buyers looking to tailor their own living space. Although refurbishment is required, the existing layout offers generous living areas with ample potential for modernisation and value addition. Upon entering, you are welcomed by an entrance lobby leading into a main hallway that provides access to a bright and well-proportioned lounge, capturing plenty of natural light. The kitchen/breakfast room at the rear has a good footprint, ideal for reconfiguration into an open-plan design that aligns with contemporary lifestyles. A ground floor bathroom completes the accommodation on this level. On the first floor, there are three spacious bedrooms which can easily serve as family rooms or home offices depending on your needs. Outside, an enclosed rear courtyard offers a low-maintenance outdoor area with gated access, enhancing practicality. With no onward chain, this property stands as a significant investment opportunity poised for capital growth and improved rental yield following renovations. Early viewings are encouraged to appreciate its full potential.

Investment analysis

(TS26 area)
Area Average
£156/sq ft
Avg Rent (weekly)
£130
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (TS26)

Area prices are falling by -7.9% over the last 12 months
3 year growth: +4.1%
5 year growth: +2.0%
Investment Disclaimer: Analysis based on TS26 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Penrhyn Street, Hartlepool, Cleveland
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£189
Based on a loan of £37,500 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

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