We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · TS26 8BQ
Listing removedListed 139 daysAuction 30 Jun · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by auction on Tuesday, 30 Jun 2026 at 12:00 Venue: Live Stream must view!
Two bedroom terrace in hartlepool with driveway A fantastic ready-made investment opportunity, with this two bedroom mid-terraced property, being sold with a long-term tenant in situ, providing a net rental income of £5,544 per annum gross.
Situated on Derwent Street, the property is conveniently located within walking distance of Hartlepool Town Centre and is well placed for local schools, shops, and local amenities.
Accommodation comprises: Entrance porch, lounge, and kitchen on the ground floor. To the first floor are two bedrooms, with the master having a built-in double wardrobe, and a modern family bathroom.
The home benefits from gas central heating, and uPVC double glazing throughout. A major feature is the front driveway providing off-street parking.
To the rear is a and a low-maintenance west-facing garden. We ask all parties to complete full due-diligence on any auction property by reading a full pack prior to bidding.
Come auction day (30th June), you must be in a position to legally exchange contracts at the fall of the gavel, a 10% deposit (£5,000 min) is required and completion is set for 28 days later.
You must be registered to bid, Please note that previous purchases, interest or registration through the Auction House Brand are not valid for a forthcoming auction and therefore you must register your interest with the office on .
Please also note that holding an EIgroup account will not give you bidding authorisation, this authorisation can only be granted via the Tees Valley branch once all forms, documentation and completed id checks have been received at .
For any further assistance, please do not hesitate to contact us in the office.
Ground Floor Entrance Porch Lounge Kitchen First Floor Bedroom 1 Bedroom 2 Bathroom Auctioneers Notes Property construction – Standard Electricity supply – Mains Water supply – Mains Sewerage – Mains Heating – Mains Broadband –Standard Speed – 15 mbps Mobile signal / coverage – O2 Very Good/Vodafone- Very Good/EE – Very Good/Three – Very Good Parking – Off Street Building Safety – See Legal Pack- Restrictions – Yes - See Legal Pack-leasehold Rights and easements - See Legal Pack Flood risk – Very Low Coastal erosion – Very Low Planning permission – See Legal Pack nversion of residential dwelling (class C3) to 10 bed house in multiple occupation (sui generis Accessibility / adaptions – See Legal Pack Coalfield or mining area - See Legal Pack EPC Rating: C Additional Fees Buyers Premium: £1800 inc VAT payable on exchange of contracts.
Administration Charge - £1800 inc VAT payable on exchange of contracts. Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information * Guides are provided as an indication of each seller's minimum expectation.
They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information Please be aware there may be additional fees payable on top of the final sale price.
This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion.
Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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.
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FAQ
About 23 Derwent Street, Hartlepool
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