100% Free Listings and Auctions

2 bed terraced for sale

£70,000

Balfour Street, Houghton Le Spring, Tyne And Wear, DH5 8BA

Bedrooms2TypeHouseRent pcm575FurnishedUnfurnished
TenureFreeholdGround rentService charge
Tenanted/VacantTenantedAST details12 Monthsuntil2025-03-07
Enlarge map

Ideal Investment Property – Tenant in Situ

An excellent opportunity for a landlord or property investor to acquire a well-maintained rental property with a reliable tenant already in place. The property is currently let and generating regular rental income, with all paperwork up to date and the tenant’s deposit securely protected.

The property has been responsibly managed, with accounts available demonstrating consistent rental payments over the past two years. This makes it an ideal “ready-to-go” investment with immediate income from day one.

A great option for both experienced landlords and those looking to expand their portfolio with a straightforward, performing asset.

Further details, tenancy information, and accounts available on request.


Contact the Landlord / Seller about this property



Gross yield calculator

£
£
=
9.86%

Stamp duty calculator

£
 5%  Up to to £125,0003,500  7%  £125,001 to £250,0000 10%  £250,001 to £925,0000 15%  £925,001 to 1.5 million0 17%  Over £1.5 million0
=
£3,500

Nearest stations

Chester-le-Street 4.5 milesSeaham 4.7 milesSunderland 5.2 milesSt Peters 5.5 milesSeaburn 6.5 milesDistances are straight line measurements