Two one-bedroom flats plus convertible office space near town centre, auction sale.
Planning permission granted for conversion at 49 Stockton Road (Application H/2022/0212).
Portfolio includes ground-floor office plus two one-bed flats.
Total internal area approx. 1,721 sq ft; extremely large overall size claim.
Needs full modernisation; dated office fittings and general renovation required.
Very high local crime and very deprived area; affects tenant demand.
Sold at auction — buyer to complete due diligence and checks.
Excellent mobile signal but very slow broadband speeds on site.
Small plot with rear yard access; separate side entrances to units.
This mixed-use Victorian property near Hartlepool town centre is offered as an auction lot, presenting clear income and conversion potential. The portfolio includes ground-floor office space and two one-bedroom flats, plus planning permission already granted (Application No H/2022/0212) to convert upper office space at 49 Stockton Road to residential. The site totals approximately 1,721 sq ft and is priced to reflect required works and the sale method.
An investor or developer can capitalise on immediate rental income from the existing flats while upgrading and reconfiguring the office areas to increase yield. The building retains period brickwork and large windows, and benefits from rear yard access and separate side entrances—useful for creating self-contained units or bedsit-style accommodation as permitted. Mobile signal is excellent, aiding tenant connectivity and management.
Buyers should factor in notable challenges: the property needs modernisation throughout, with dated office fittings and likely remedial works. The local area is very deprived with very high crime levels, and broadband speeds are reported as very slow—factors that can affect rental demand and require targeted tenant screening or repositioning strategies. The plot is small and tenure is unspecified; the lot will be sold at auction, so timing and due diligence are essential.
Overall this is a value-driven opportunity for a hands-on investor prepared to renovate and manage in a challenging but centrally located market. The existing planning permission shortens the path to additional residential units, making the asset suitable for a conversion-led income strategy.
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