2 bedroom detached house for sale

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2 bedroom detached house for sale

Houghton Le Spring, County Durham, DH4
£118,000

Price History

Initial price £120,000
04/10/24 £118,000
12/10/24 £116,000
18/10/24 £114,000
25/10/24 £112,000
01/11/24 £110,000
07/11/24 £108,000
14/11/24 £120,000
21/11/24 £118,000
Price Change -1.67%

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 currently generating an annual gross income of £4,500, but with long-term tenants already in place, the new owner could increase the rent to a market rate of £10,800. The property is well-maintained and features two bedrooms, a backyard, and a three-piece bathroom. The current tenants have lived in the property for several years and have consistently paid their rent, with no intention of moving out. With a purchase price that will yield a worthwhile return, this property is an attractive addition to any investment portfolio.