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The Avenue, Hetton
The Avenue, Hetton-le-Hole DH5
£55,000
The Avenue, Hetton-le-Hole DH5
£55,000
Our Summary
- For greater detail on this property's investment potential, please see the Let Property Pack linked below
- INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
Description
This 2-bedroom mid-terrace bungalow in Houghton Le Spring is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge, kitchen, bathroom, and rear garden space. Currently, it produces an annual gross income of £5,700, which could be increased to £7,320 with long-term tenants already situated. The property has a tenant who has been living there for several years and has consistently paid rent, with no intention to move out. With a purchase price that offers a worthwhile addition to an investor's portfolio, this property has the potential to generate rewarding rental returns and is a great opportunity for those looking to invest in the area.