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Mulgrave Road, Hartlepool

Mulgrave Road, Hartlepool floorplan 1 out of 1

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Mulgrave Road

Hartlepool

offers in the region of

£88,000

Tenure: Freehold

Ref: HAR118546

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Prime investment opportunity
3x self contained flats
Two studios & one 2 bed flat
Rare & unique
Good rental yields

monthly mortgage estimate

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floor plans

in detail

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)

Council Tax Band: A

Tenure: Freehold

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.

38 Mulgrave Road

Lounge

14' 7" maximum x 13' 1" maximum ( 4.45m maximum x 3.99m maximum )
Window to front, radiator.

Kitchen

12' 4" x 11' 6" ( 3.76m x 3.51m )
Window to rear, wall and base units with contrasting working surfaces, recess and plumbing for washing machine, stainless steel sink drainer unit, boiler, radiator.

Bedroom 1

16' 2" x 10' maximum ( 4.93m x 3.05m maximum )
Window to front, radiator.

Bedroom 2

9' 8" x 8' 1" ( 2.95m x 2.46m )
Window to rear, radiator.

Bathroom

Window to rear and side, bath, pedestal wash hand basin, low level low flush WC, loft void access, radiator.

38a

Lounge

10' 9" x 12' 4" maximum ( 3.28m x 3.76m maximum )
Window to front, electric radiator.

Kitchen

9' 6" x 7' 6" ( 2.90m x 2.29m )
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.

Additional Room

7' 5" x 8' 8" ( 2.26m x 2.64m )
Currently used as a bedroom area.

Bathroom

Window to side, low level low flush WC, pedestal wash hand basin, storage cupboard.

38b

Lounge

8' 7" x 14' 6" excluding recess ( 2.62m x 4.42m excluding recess )
Window to front, door to front.

Kitchen

11' 6" x 13' 4" ( 3.51m x 4.06m )
Wall and base units, window to rear, door to side.

Additional Room

10' 6" x 8' 3" ( 3.20m x 2.51m )
Internal window overlooking kitchen, currently used as bedroom area.

Wetroom

Low level low flush WC, pedestal wash hand basin, window to side.

Agent's Note

Please note the EPC rating is for number 38. 38a is an energy rating E and 38b is an energy rating F.

Agents Note 2

Photographs shown are of the 2 bedroomed apartment.

Utilities, rights & restrictions

Utility supply:

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Rights and restrictions:

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Risks:

Flooded in last 5 years Ask agent
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energy efficient rating

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