This two-bedroom terraced house in Houghton-le-Spring is a turn-key leasehold investment opportunity, with a 2-year lease already in place and a current rental income of £600 per month, equivalent to £7,200 per annum. The property is professionally managed by a reliable letting agent, making it an ideal choice for hands-off investors seeking predictable returns and long-term stability. With a potential yield of 9.6%, this investment offers a strong return on investment, and with a freehold tenure, the buyer will own the property outright. Located in one of the North East's consistently strong rental markets, this property is a great opportunity for investors to get started or add to their portfolio.