3-bedroom terraced house · TS26 9AF
Sold STCListed 177 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
In need of refurbishment works, the property provides generous living accommodation with plenty of scope to modernise and add value.
Upon entering, an entrance lobby leads through to the main hallway, giving access to a well-proportioned lounge featuring ample natural light.
To the rear, the kitchen/breakfast room offers a good footprint for redesign, with potential to create a modern open-plan space ideal for contemporary living.
A ground floor bathroom completes the layout on this level.
To the first floor, the property comprises three bedrooms, all offering good proportions and flexibility for family living, guest accommodation, or home working.
Externally, there is an enclosed rear courtyard with gated access, providing a low-maintenance outdoor space.
Offered to the market with no onward chain, this property represents a fantastic investment opportunity with strong potential for capital growth and rental yield once improvements are made.
Early viewing is highly recommended to fully appreciate the potential on offer.
ENTRANCE LOBBY Accessed via a wooden entrance door, the entrance lobby serves as a useful buffer from the main accommodation and leads through to the hallway via an internal door.
ENTRANCE HALL The entrance hall provides access to the first floor via a staircase and is fitted with a radiator, serving as the central point to the ground floor accommodation.
LOUNGE A well-proportioned reception room featuring a UPVC double glazed window allowing for plenty of natural light, along with a radiator for added comfort.
The room also benefits from a feature fireplace with inset and hearth, creating a focal point, and is finished with laminate flooring.
KITCHEN/BREAKFAST ROOM Fitted with a range of base and wall units, some of which require refitting, the kitchen offers good potential for improvement and redesign.
There is an inset sink unit with drainer, tiling to splashback and work areas, and plumbing for an automatic washing machine.
The room also houses a wall-mounted gas combination central heating boiler, and benefits from a UPVC double glazed window and radiator.
REAR LOBBY The rear lobby provides access to the courtyard via an external door, offering a practical transition between the kitchen and outdoor space.
GROUND FLOOR BATHROOM Fitted with a white suite comprising a panelled bath, wash hand basin, and WC.
The room features tiling to splashback and vanity areas, along with a UPVC double glazed window providing natural light, and a radiator for added comfort.
FIRST FLOOR LANDING The first floor landing benefits from a UPVC double glazed window providing natural light, along with a built-in storage cupboard offering useful additional storage space.
BEDROOM ONE A well-proportioned double bedroom featuring a UPVC double glazed window allowing for natural light, along with a radiator for added comfort.
BEDROOM TWO A good-sized bedroom featuring a UPVC double glazed window providing natural light, along with a radiator for comfort.
The room also benefits from a built-in storage cupboard, offering useful additional storage space.
BEDROOM THREE A well-proportioned third bedroom featuring a UPVC double glazed window providing natural light, along with a radiator for added comfort.
EXTERNALLY Externally, the property benefits from an enclosed rear courtyard providing a low-maintenance outdoor space. The courtyard also offers gated access, adding practicality and security.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
Agent & docs
FAQ
About Penrhyn Street, Hartlepool, Cleveland
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