Overview
Description
Nationwide welcomes to the market this RARE OPPORTUNITY TO ACQUIRE 3 INVESTMENT PROPERTIES. 3 houses located in Hartlepool, Wheatley Hill, Shotton Colliery.
CURRENT INCOME RECEIVED £16,650 p.a.
House 1 rental income – £4,950 p.a.
Two bed mid terrace, DG, Gas CH. On street and back yard (gated). In moderate condition but will need refurbishing – if and when tenant leaves.
Tenant has been in residence since 29 September 2012 (new tenancy completed 14 April 2018).
No Guarantor, substantial arrears under first tenancy, rent now paid direct by UC at £374.99 p.m. plus Ntional Top-up. Very settled tenant.
House 2 rental income – £5,400 p.a.
Two Bed mid terrace, through lounge/dining/kitchen with bathroom off. DG, Gas CH. Moderate condition. Small front courtyard, back yard.
Tenancy commenced 18 March 2019 and replaced 18 November 2022 when tenants father joined the tenancy. Rent increased to £450 p.m. Bus/lorry driver currently on UC. Guarantor.
House 3 rental income – £6,000 p.a.
Semi-detached, 3 bed. Gas CH, DG. Gardens front and rear. Decorated throughout, new carpets and internal doors July 2022.
Leased to Housing Association on full repairing basis – £500 p.m. House maintained in spotless condition
Turnover : Currently all rented out to provide £16,650 p.a. gross income.
FOR THE VALUABLE FREEHOLD PROPERTIES OFFERS over £140,000
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT. (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)
Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Freehold : £140,000 (M5541)
www.NationwideBusinesses.co.uk
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