A fantastic opportunity to purchase a great investment opportunity in Hartlepool recently refurbished. This property is close to all local amenities and leisure facilities including High Throston golf club. There is a bus stop close by and with a 15 minutes walk to the town centre and shopping centre this is a well located property in the heart of an area experiencing massive regeneration and growth. Other developers have realised the current potential with recent planning applications rising in the surrounding post code area in the last month. (Source: http://www.planningportal.gov.uk/) Property Type : Two Bedroom Terraced House
Price : £65,000
Incentives : Currently Tenanted / Free management for 12 months
Rental Income : £368pcm
Net Profit : £105pcm Funding Purchase Price £ 65,000
15% Deposit £ 9,750.00
Legal Fees £ 500
Finance Costs £ 500
Finders Fees £ 1,500.00
Total £12,250 Purchase Price £65,000
10% Deposit £ 6,500
Legal Fees £ 500
Finance Costs £ 500
Finders Fees £ 1,500.00
Total £ 9,000 Cashflow per month* (Based on an 85% interest only mortgage rate at 5.5%, currently available through our recommended broker). Rental Income : £368
Mortgage payments : £253.00
Insurance : £10
Net Profit : £105 pcm * We have negotiated free management in year 1 Regeneration in Hartlepool Opening up Hartlepool to a breathtaking opportunitOpening opportunity The masterplan for Victoria Harbour in Hartlepool creates a superb new area of Hartlepool in which to live, work and play. The scheme is a £500m joint development between Tees Valley Regeneration and land owners PD Ports, Logistics & Shipping. A new school, quality homes such as family townhouses and chic apartments, offices and attractively landscaped green open space are just some of the features proposed in the plans. An attractive coastal path and innovative bridge across the harbour entrance for pedestrians and cyclists will also link the Headland to the site and bring the whole of Hartlepool into the scheme. But one of the most striking and talked about elements of the design is the ‘wave', a stunning architectural concept for the public that combines landscaped parkland, water features and public art and will separate the new residential developments from the existing commercial areas. Please download the PDF for full information, or contact one of our property consultants on 0871 231 7466 or click onto the "Make Enquiry" button. Important Notice All financial and property investments bear varying degrees of risk. We strongly discourage you from making any investment decision based upon the information that you cannot independently confirm and we thoroughly recommend that you seek qualified advice from a financial advisor or solicitor before you make any decision regarding making this financial investment. In accordance with the property Misdescriptions Act (1991) we have prepared these sales particulars as a general guide to give a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for purchase of carpets of other fittings. Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your solicitor prior to exchange
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