Modern Method of Auction
Auction date not yet published
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See how verdicts work3-bedroom terraced house · TS24 8AW
Sold STCReduced £10k (−13.3%) on 26 OctListed 34 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** TO BE SOLD BY MODERN METHOD OF AUCTION: STARTING BID £75,000 PLUS RESERVATION FEE *** *** NO CHAIN INVOLVED *** An excellent investment opportunity, this spacious THREE BEDROOM mid-terraced property offers generously proportioned accommodation arranged across three floors.
Ideally positioned within walking distance of Hartlepool town centre, the home benefits from TWO RECEPTION ROOMS, gas central heating and uPVC double glazing.
The internal layout comprises: entrance vestibule opening into a deep hallway with stairs to the upper floors and access to both reception rooms.
The kitchen/breakfast room is fitted with a range of base and wall units, together with a built-in oven, hob and extractor, while providing ample space for a dining table and chairs.
The first floor features a generous full width master bedroom and a particularly spacious family bathroom. Two further good sized bedrooms are located on the second floor.
Externally, the property has a low maintenance palisade style frontage and an enclosed yard to the rear.
Rium Terrace is pleasantly set back from Raby Road, close to local amenities and just a short walk from Hartlepool town centre.
An ideal purchase for a buy-to-let investor, with viewing highly recommended.
Auctioneer's Comments - This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Ground Floor - Entrance Vestibule - 1.27m x 1.02m (4'2 x 3'4) - Accessed via uPVC entrance door with uPVC double glazed fanlight above, tiled flooring, dado rail, coving to ceiling, glazed internal door with attractive stained glass central panel and matching fanlight above giving access to the entrance hall.
Entrance Hall - 5.49m x 1.85m (18' x 6'1) - A deep entrance hall which incorporates a spindled staircase to the first floor with newel post and under stairs storage cupboard, laminate flooring, coving to ceiling, single radiator, access to both reception rooms and kitchen.
Front Lounge - 4.72m x 3.68m (15'6 x 12'1) - A generous lounge with large uPVC double glazed bay window to the front aspect, modern laminate flooring, deep coving to ceiling, ornate central ceiling rose, single radiator.
Rear Reception Room - 3.89m x 2.79m (12'9 x 9'2) - Matching laminate flooring, uPVC double glazed window to the rear aspect, deep coving to ceiling, single radiator.
Kitchen/Breakfast Room - 4.93m x 2.90m (16'2 x 9'6) - Fitted with a range of units to base and wall level with brushed stainless steel handles and contrasting work surfaces in an 'L' shaped layout incorporating an inset one and a half bowl single drainer stainless steel sink unit with mixer tap, built-in electric oven with five ring gas hob above and extractor hood over, all finished in brushed stainless steel with matching splashback, space for free standing fridge/freezer, space for additional appliance, recess for washing machine, tiled splashback and tiled flooring, two uPVC double glazed windows into the rear yard, glazed door into the rear yard, single radiator.
First Floor - Half Landing - uPVC double glazed window to the rear aspect, stairs to the main landing.
Main Landing - Access to the master bedroom and bathroom, stairs giving access to the second floor.
Bedroom One - 3.91m x 4.90m (12'10 x 16'1) - A generous master bedroom which incorporates three uPVC double glazed windows to the front aspect, feature fire surround with cast iron insert, built-in storage cupboard to alcove, dado rail, large convector radiator.
Family Bathroom/Wc - 3.94m x 2.97m (12'11 x 9'9) - A large family bathroom which features a four piece suite comprising: panelled bath with dual taps, corner shower cubicle, inset wash hand basin with dual taps and vanity cabinet below, close coupled WC, part tiled splashback, laminate flooring, built-in storage cupboard to alcove, uPVC double glazed window to the rear aspect.
Second Floor - Half Landing - Gas central heating boiler, uPVC double glazed window to the rear aspect, stairs to the main landing.
Main Landing - Built-in storage cupboard, hatch to roof space, access to bedrooms two and three.
Bedroom Two - 3.91m x 4.95m (12'10 x 16'3) - uPVC double glazed 'dormer' style window to the front aspect, single radiator.
Bedroom Three - 4.04m x 2.95m (13'3 x 9'8) - uPVC double glazed 'Velux' style window to the rear aspect, single radiator.
Externally - The property features a low maintenance palisade to the front and an enclosed yard to the rear with gated access. Nb - Floorplans and title plans are for illustrative purposes only.
All measurements, walls, doors, window fittings and appliances, their sizes and locations, are approximate only. They cannot be regarded as being a representation by the seller, nor their agent.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Rium Terrace, Hartlepool
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