Oakley Gardens, Hartlepool, Durham, TS24 8QW

No Chain | Sold with Sitting Tenant | £600 PCM Rental Income | 12.0% Gross Rental Yield | Turn-Key Investment

Pattinson Estate Agents are delighted to offer for sale this well-presented two-bedroom semi-detached home, offered to the market with no onward chain and sold with a long-term sitting tenant in situ, making it a superb turn-key investment opportunity.

Currently generating £600 PCM (£7,200 per annum), the property offers an impressive 12.0% gross annual rental yield, providing immediate income from day one. Having been exceptionally well maintained, the property requires minimal expenditure and represents an ideal addition to any investment portfolio.

The accommodation briefly comprises a welcoming entrance hallway, a bright and spacious lounge, a well-appointed kitchen with ample storage, two generously sized bedrooms, and a modern family bathroom. Finished in neutral décor throughout, the property is presented to a high standard and has been carefully looked after by the current tenant.

Externally, the home benefits from private gardens, offering low-maintenance outdoor space.

Situated within a popular residential area of Hartlepool, the property is conveniently located close to local schools, shops, transport links and everyday amenities, ensuring continued tenant appeal.

Early viewing is recommended to fully appreciate this excellent investment opportunity.

Council Tax Band: A Tenure: Freehold

Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.