Summary - 39 LANCASTER ROAD HARTLEPOOL TS24 8LR
6 bed 6 bath Terraced
Turnkey income with refurbishment upside for experienced landlords.
Fully licensed 6-bed HMO achieving £7,200 per 30 days
A substantial Victorian mid-terrace arranged as a fully licensed six-bed HMO, currently generating £7,200 per 30 days. The house retains period features — high ceilings, bay windows and original brickwork — and offers scope to improve rents after targeted refurbishment.
The layout spans three storeys with a communal lounge, dining area, kitchen and rear yard, plus six large double bedrooms and six bathrooms. Constructed circa 1900–1929 with solid brick walls and double glazing of unknown age; the building is likely to need insulation and modernisation to improve energy efficiency and ongoing running costs.
This lot sells at traditional auction. Buyers should budget for immediate exchange, a 10% non-refundable deposit on exchange, and a non-refundable Reservation Fee of 4.5% (minimum £6,600) payable in addition to the purchase price. The property sits in a very deprived area with above-average crime rates, which affects tenant profile and management considerations.
For an investor this is a clear cashflow opportunity with existing HMO income and short-term lets possible after works. The selling route and upfront fees make this suitable for cash-ready buyers or those experienced with auction purchases and HMO management.
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