Dene Street, Houghton Le Spring DH5 2 bed semi

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Dene Street, Houghton Le Spring DH5 2 bed semi

Dene Street, Houghton Le Spring DH5
£68,500

Price History

Initial price £90,000
18/09/24 £88,000
30/09/24 £86,000
07/10/24 £84,000
11/10/24 £82,000
18/10/24 £80,000
26/10/24 £78,000
31/10/24 £76,000
07/11/24 £74,000
14/11/24 £72,000
20/11/24 £80,000
28/11/24 £78,000
24/04/25 £72,500
24/05/25 £68,500
Price Change -23.89%

Description

This 2-bedroom semi-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 £5,940, but with the potential to increase to £9,000 with long-term tenants already in place. The well-kept home features 2 bedrooms, lounge, kitchen, bathroom, and rear garden space, making it a desirable rental property. The current tenants have been in the property for several years and have consistently paid their rent, with no intention to move out. With a purchase price that offers a worthwhile addition to an investor's portfolio, this property is a great opportunity for those looking to generate rewarding rental returns.