Property Details: - Type: Terraced house - Bedrooms: 4 - Bathrooms: 1
Agent: Manners & Harrison - Hartlepool Phone: 01429 718543
<br/><b>SUMMARY</b><br/>High Yield Potential with conveniently located building converted into 3 flats. After value add, the potential annual rental of £14,851.20 pa (Estimated using Local Housing Allowance rates)<br/><br/><br/><b>DESCRIPTION</b><br/>This property presents a rare and unique investment opportunity to acquire 3 x self contained rental units. It comprises of a spacious 2 bedroom flat and 2 studios. Currently, 2 of the units are rented out generating a combined annual rental income of £678 per month. The third unit, a vacant studio, requires some refurbishment, offering potential to increase rental income once renovated. This property is ideal for investors seeking high returns in the rental market, with the added opportunity to enhance value through improvements.<br/><br/><b>38 Mulgrave Road</b> <br/><br/><b>Lounge</b> 14' 7" maximum x 13' 1" maximum ( 4.45m maximum x 3.99m maximum )<br/>Window to front, radiator.<br/><br/><b>Kitchen</b> 12' 4" x 11' 6" ( 3.76m x 3.51m )<br/>Window to rear, wall and base units with contrasting working surfaces, recess and plumbing for washing machine, stainless steel sink drainer unit, boiler, radiator.<br/><br/><b>Bedroom 1</b> 16' 2" x 10' maximum ( 4.93m x 3.05m maximum )<br/>Window to front, radiator.<br/><br/><b>Bedroom 2</b> 9' 8" x 8' 1" ( 2.95m x 2.46m )<br/>Window to rear, radiator.<br/><br/><b>Bathroom</b> <br/>Window to rear and side, bath, pedestal wash hand basin, low level low flush WC, loft void access, radiator.<br/><br/><b>38a</b> <br/><br/><b>Lounge</b> 10' 9" x 12' 4" maximum ( 3.28m x 3.76m maximum )<br/>Window to front, electric radiator.<br/><br/><b>Kitchen</b> 9' 6" x 7' 6" ( 2.90m x 2.29m )<br/>Window to side, door to side, wall and base units, stainless steel sink drainer unit, built in oven, hob and hood, recess and plumbing for washing machine, electric radiator.<br/><br/><b>Additional Room</b> 7' 5" x 8' 8" ( 2.26m x 2.64m )<br/>Currently used as a bedroom area.<br/><br/><b>Bathroom</b> <br/>Window to side, low level low flush WC, pedestal wash hand basin, storage cupboard.<br/><br/><b>38b</b> <br/><br/><b>Lounge</b> 8' 7" x 14' 6" excluding recess ( 2.62m x 4.42m excluding recess )<br/>Window to front, door to front.<br/><br/><b>Kitchen</b> 11' 6" x 13' 4" ( 3.51m x 4.06m )<br/>Wall and base units, window to rear, door to side.<br/><br/><b>Additional Room</b> 10' 6" x 8' 3" ( 3.20m x 2.51m )<br/>Internal window overlooking kitchen, currently used as bedroom area.<br/><br/><b>Wetroom</b> <br/>Low level low flush WC, pedestal wash hand basin, window to side.<br/><br/><b>Agent's Note</b> <br/>Please note the EPC rating is for number 38. 38a is an energy rating E and 38b is an energy rating F.<br/><br/><b>Agents Note 2</b> <br/>Photographs shown are of the 2 bedroomed apartment.<br/><br/><b>Agents Notes</b> <br/>Please note that an AML fee is chargeable once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Please note that the AML fee covers the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.<br/><br/><br/><br/>1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. 3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase. 5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
