Spread the balance over 10 years - house in Hartlepool

Description

2 Bedroom Property in Hartlepool, England
No Mortgage Required
No Interest Payable
Spread the Balance Over 10 Years

An affordable buy-to-let opportunity in Hartlepool with a tenant already in place, providing immediate rental income from day one.

Price: £90,000
Payable over 120 months at only £583 per month
Final Balloon Payment: £20,000
Currently tenanted at £425 per month

Let The Tenant Help Pay For The Property
With rental income of £425 per month and monthly instalments of £583 per month, the difference is only:
£158 per month

Over the 120-month term:
£158 × 120 = £18,960
Plus the final balloon payment:
£20,000

Total Personal Contribution Over 10 Years:
Approximately £38,960
This is assuming the property remains continuously rented at £425 per month throughout the term and the rent is never increased and doesn't include void periods.

At the end of the agreement you would own the property outright, while much of the purchase price would have been covered by rental income.

Property Highlights
2-bedroom terraced house
Tenant already in place
Immediate rental income
Established residential area
Popular rental location
Suitable for investors and landlords
No mortgage required
No interest payable
No penalty for early repayment

Location – Hartlepool, County Durham (TS25 5SN)
Located in the south-western area of Hartlepool, the property sits within a well-established residential neighbourhood close to schools, shopping facilities, employment areas and transport links.

Hartlepool continues to attract investors due to its relatively affordable property prices and strong rental demand from local residents and workers employed throughout Teesside and the wider North East.

Transport Links
Hartlepool Railway Station is approximately 2 miles away and offers services to:
Middlesbrough
Sunderland
Newcastle upon Tyne
Durham
York
London via connecting services

Ideal for commuters and tenants requiring access to regional employment centres.

Excellent Road Connections
The property benefits from easy access to major road networks including:
A689
A19
A179

Approximate driving times:
Middlesbrough – 20 minutes
Durham – 30 minutes
Sunderland – 35 minutes
Newcastle upon Tyne – 45 minutes
York – 1 hour 20 minutes

The nearby A19 provides fast north and south connections throughout the region.

Local Amenities
Residents enjoy easy access to:
Supermarkets and convenience stores
Primary and secondary schools
Cafés and takeaways
Medical facilities and pharmacies
Leisure centres and gyms
Banks and everyday services

The property is also within easy reach of Hartlepool town centre where residents will find a wider selection of shops, restaurants, entertainment venues and services.

Coast & Leisure Attractions
One of Hartlepool's major attractions is its coastline and marina district.

Seaton Carew Beach
Only a short drive away:
Sandy beach and promenade
Coastal walks
Cafés and restaurants
Family attractions
Watersports opportunities

Hartlepool Marina & Historic Quay
Nearby attractions include:
Marina restaurants and bars
National Museum of the Royal Navy
Historic waterfront area
Entertainment venues
Leisure facilities

Summary
2-Bedroom Terraced House
Purchase Price: £90,000
Monthly Instalments: £583
Final Balloon Payment: £20,000
Current Rental Income: £425 Per Month
Monthly Difference: £158
Total Personal Contribution Over 10 Years: Approximately £38,960

No Mortgage Required
No Interest Payable
Tenant Already In Place

Ad ID: 1514294028