Murton Lane, Houghton Le Spring DH5 2 bed terraced house for sale

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Murton Lane, Houghton Le Spring DH5 2 bed terraced house for sale

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 an excellent investment opportunity for those looking to expand their portfolio. The property is well-maintained and features 2 bedrooms, a bathroom, lounge, and kitchen. Currently, it generates an annual gross income of £4,200, which could increase to £6,000 with long-term tenants already in place. The property has a tenant who has lived there for several years and has consistently paid rent, with no intention to move out. With a purchase price that will yield a worthwhile return, this property offers a fantastic chance for investors to add to their portfolio.