Wynyard Mews - Apartment in Hartlepool
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Two bedroom apartments for sale in Wynyard Mews. Low entry price allows investors to achieve yields of around 8%
Tenanted property in Hartlepool for sale. The apartment is part of a social housing development called Wynyard Mews. This is a cash-only investment for those immediately ready to buy.
Key Figures
£33,000Starting Price
8%Net Yield
Q4 2020Completion Date
Investment Details
Wynyard Mews is a social housing development in the County Durham town of Hartlepool.
The development itself is close to amenities such as supermarkets and transport links. Seaton Carew train station is 1.62 miles away.
Hartlepool is 8 miles north of Middlesbrough and 20 miles south of Sunderland, making it ideal for those working in nearby towns and cities looking for affordable accommodation.
According to data from Zoopla, property values in Wynyard Mews have risen by 4.17% in the past year, so there is scope for growth in future considering past performance. Average annual rent collected stands at £4,500 which allows for a yield of around 8% once other charges are considered.
What is social housing?
Social housing is property made available to tenants who receive income support such as housing allowance or universal credit. These types of tenants may be in part time employment and just need a little support from government subsidies.
The Numbers
Ground Rent:Included
Number of Units:1
Service Charge:£1320
Prices:£33,000
Leasehold:
- Fitted kitchen
- Central heating
- Double glazing
- Fitted bathroom
- Close to train station and Tesco Express
- 10 miles from A1(M)
Cash-only purchase price of £33,000
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