top of page

REF_HKI3170

front of house.PNG

LEASE OPTION  

HARTLEPOOL
3 BEDROOM MID TERRACED PROPERTY 
Hotkey Invest_HIGHRES_B&O_ALPHA.png

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

 

WhatsApp Image 2024-02-27 at 10.21.30_bff4ef22.jpg
WhatsApp Image 2024-02-27 at 10.21.30_ae134b90.jpg
WhatsApp Image 2024-02-27 at 10.21.29_bf885251.jpg
WhatsApp Image 2024-02-27 at 10.21.28_369b9014.jpg
WhatsApp Image 2024-02-27 at 10.21.28_2f49695a.jpg
WhatsApp Image 2024-02-27 at 10.21.30_20c5e853.jpg
WhatsApp Image 2024-02-27 at 10.21.29_493d866f.jpg
WhatsApp Image 2024-02-27 at 10.21.28_f91e7497.jpg
WhatsApp Image 2024-02-27 at 10.21.24_d1f35fe9.jpg

FINANCIALS

(based on single family let)

new details .png

We insist any interested parties must satisfy themselves as to the accuracy on any information they receive by carrying out independent assessments or otherwise before making any commitment to participate. Click here for full disclaimer

Thanks for submitting! We will be in touch shortly.

Hotkey Invest
An experienced and dynamic investment house
here to help you develop your
property investment strategy.
Hotkey Invest Contact Us
Hotkey Invest's Registered office,
44-46 High Street, Wem, Shrewsbury, SY4 5DG
DISCLAIMER
IMPORTANT NOTICE: Hotkey Invest trading name for Hotkey Consultancy Ltd for themselves and for the lessors or vendors of this property whose agents they are give notice that:  1. No appliances, services or service installations have been tested and no warranty as to suitability or serviceability is implied. Any prospective purchaser or lessee is advised to obtain verification from their surveyor or solicitor.  2. The particulars are set out as a general outline only for the guidance of the intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract.  3. All descriptions, calculations, reference to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representation of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them before making any commitment to participate.  Calculations have been rounded up or down accordingly. 4. No person in the employment of Hotkey Invest has any authority to make or give any representation or warranty whatsoever in relation to this property.  5. All rentals and prices are quoted exclusive of Stamp Duty, legal and surveyors fees and any other associated purchasers or lessees costs.  6.  Floor plans are indicative only and should not be relied on.  7. The map showing the boundary of the property postcode is indicative only and has not been checked against the legal title so should not be relied on.  8.  All dimensions, floor areas and site areas are only approximate and should not be relied on.  Dimensions are generally maximum room dimensions.  9. Hotkey Invest is not a regulated or licensed investment or financial advisor, therefore please seek independent financial advice.  10. Hotkey Invest is not a property management company for Serviced Accommodation, House of Multiple Occupation, Buy to Let and other, therefore please seek an independent management company before making any commitment to participate.  11. Hotkey Invest cannot be held liable for any losses whatsoever incurred as a result of any decisions made from relying on this report.
Disclaimer
bottom of page