NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
REF_HKI3170
LEASE OPTION
UNAVAILABLE
Option Price:
Term:
Option Deposit :
Option Payments:
NET Profit (PCM):
EST. NET PROFIT PA:
YIELD:
£62,000
8 Years
£1
£0
£414
£4968
9%
Hotkey Invest are proud to present this 3 bedroom 8 year lease option in Hartlepool, County Durham.
The option to purchase is set over 8 years, which allows you to secure the property at today’s option price without finance for the option term. This enables you to benefit from potential capital growth as well as surplus rental income during the term.
This property comprises 3 bedrooms, family bathroom, a large living area, kitchen and private courtyard.
The property underwent a large refurbishment last year and is currently tenanted.
The property has a full gas and electric certificate and has had a new boiler with a 10 year guarantee and new carpets throughout.
The roof has been fixed on a couple of occasions, there is still a leak which has been temporarily fixed however it has been suggested a new roof will be required this has been quoted for by a local builder in the area for circa £6000.
The property is being managed by a local estate agents charging 8%. The tenants have been in the property for 12 months and are due a rent increase in September 2024.
Hotkey Invest have negotiated no monthly option payments to be paid over the term to assist with the cost of the roof repairs.
This property is in prime location for local amenities.
Hartlepool is a seaside and port town in County Durham, England. It is governed by a unitary authority borough named after the town. The borough is part of the devolved Tees Valley area. With an estimated population of 87,995, it is the second-largest settlement in County Durham.
Please see below images of the property before the tenancy, the windows in the kitchen have been fixed and are no longer boarded up.
For more information please contact a member of the Hotkey Team today on 01939 550025
KEY FEATURES
3 bedrooms
Close to local amenities
Close to local primary schools Fantastic Transport access
8 year Term
No monthly payments
Tenanted
Fully Assignable
FINANCIALS
(based on single family let)
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