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Front Street, Houghton Le Spring DH5 7 bed block of apartments for sale
Front Street, Houghton Le Spring DH5
£250,000
Our Summary
- 5% with potential to redevelop further
- Investment and development opportunity
Description
This property is a block of four tenanted flats situated on Hetton Le Hole, with an annual income of £24,600, providing a gross yield of 8.5%. Each flat is self-contained and features gas central heating, double glazing, kitchen, and bathroom. The property also has an enclosed yard with off-street parking. The flats are currently let at £7,200, £7,200, £4,800, and £5,400 per annum, respectively. With potential to redevelop further, this property offers a lucrative investment opportunity. Please note that all sizes and services have been measured and tested, and intending purchasers should satisfy themselves as to their accuracy. The property is situated on a large plot, and a mortgage advice service is available without obligation.