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2 bedroom terraced house for sale
4 Pinewood Street, Houghton Le Spring, Tyne And Wear, DH4 6AY
£50,000
4 Pinewood Street, Houghton Le Spring, Tyne And Wear, DH4 6AY
£50,000
Our Summary
- Guide Price £50,000 - £80,000 For sale by unconditional online auction on the 28th of August 2025
- 2 Bed Terrace Property - For Sale With Lease In Place Description Property Overview Location: 4 Pinewood Street, Houghton Le Spring, DH4 6AY Property Type: Terraced House Bedrooms: 2 Bathrooms: 1 Tenure: Freehold Tenancy Status: Fully Let - 2 year lease in place Investment Strategy: Buy-to-Let Current Rental Income: £600pcm / £7,200pa Potential Yield: 9
Description
This property is a two-bedroom terraced house located in Houghton Le Spring, with a lease agreement already in place, generating £600 per month or £7,200 per year. The property is fully let and managed by a reliable letting agent, making it an ideal hands-off investment opportunity for buy-to-let investors. With a potential yield of 9.6%, this property offers a consistent and predictable return on investment. The property is being sold by unconditional online auction on August 28th, with registration open and bidding opening at 10:00 and closing at 12:20.