2 bed terraced house

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2 bed terraced house

Murton Lane, Houghton-Le-Spring DH5
£47,000

Our Summary

  • Please see the Let Property Pack linked below for greater details on this property's investment potential
  • Investment potential detailed below (Let Property Pack)

Description

This 2-bedroom mid-terraced house in Houghton Le Spring is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features 2 bedrooms, a bathroom, a lounge, and a kitchen. Currently, it generates an annual gross income of £4,200, which has the potential to increase to £6,000 with long-term tenants already in place. The tenants, who have been residing in the property for several years, have consistently paid their rent and do not intend to move out. With a purchase price that will yield a worthwhile return, this property offers a great chance for investors to add to their portfolio and generate rewarding rental returns.