2 bedroom detached house for sale

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2 bedroom detached house for sale

New Herrington, Houghton Le Spring DH4
£97,000

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)
  • Investment potential detailed below (Let Property Pack)

Description

This 2-bedroom detached house in Houghton Le Spring is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a backyard, three-piece bathroom, and is currently generating an annual gross income of £4,500. With long-term tenants already in place, the new owner can increase the rent to a market rate of £10,800, making it a worthwhile addition to any portfolio. The tenants, who have lived in the property for several years, have consistently paid their rent and have no intention of moving out, ensuring a smooth transition for the new owner. With a Let Property Pack available for further detail, this is an excellent chance for investors to secure a lucrative rental property.