Two-bedroom mid-terrace freehold, 743 sq ft
Offered for sale via online auction, 38 Derwent Street is a two-bedroom mid-terrace freehold in Hartlepool presented as a low-cost entry for investors. The property is currently let on a monthly rolling tenancy at £410pcm (annual income £4,920) and can be retained as a rental or vacated by the purchaser. Broadband and mobile signal are reported good, and the home has mains gas central heating and double glazing.
The house sits in a very deprived, transitional area with above-average crime statistics; that context is reflected in the low guide price and strong rental demand from constrained renters. The building is roughly 743 sq ft, with traditional room layouts and small rooms typical of older terraces. EPC rating D and Council Tax band A mean running costs are relatively modest, but the fabric and services may benefit from updating.
Key financial considerations: the sale is by auction with a low start price and an administration fee of £3,600 (inc. VAT) payable on exchange. The walls are understood to be solid brick with no installed cavity insulation (assumed), so retrofit or insulation upgrades may be needed. This is a clear opportunity for an experienced investor or buyer prepared to manage refurbishment and tenancy arrangements.
