Summary - 146 CORNWALL STREET HARTLEPOOL TS25 5RN
3 bed 1 bath Terraced
Ready-for-refurb investment with tenant and immediate income.
Tenanted at £5,826.24 pa, immediate rental income
Offered at auction, this three-bedroom mid-terrace in Hartlepool is presented as a straightforward rental investment with immediate income. The property is currently tenanted at £5,826.24 per year and sits on a small plot with rear yard and on-street parking.
The house was built circa 1930–1949 with solid brick walls and double glazing (install date unknown). Heating is mains gas via boiler and radiators. The EPC is D and the home will need cosmetic and likely thermal upgrades — walls assumed uninsulated — to maximise rent or resale value. Broadband and mobile services are available; local amenities and several schools are within walking distance.
Buyers should note material auction conditions and costs: 10% deposit on fall of the hammer, minimum £5,000, plus an administration fee of £1,800 and buyer’s premium of £1,200 (both inc. VAT) payable on exchange. The area scores high for crime and is very deprived, which affects tenant demand and long‑term capital growth potential. Legal pack items (restrictions, building safety, rights and easements, mining) must be reviewed before bidding.
This lot suits investors willing to manage a tenant in place and carry modest refurbishment and insulation works to improve yield. The low guide price offers scope for upside after essential repair and efficiency improvements, but purchasers must factor in auction timetables, additional fees, and local area risk profile.
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