For sale by Online Auction - 10th of December 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: 9.6%
Turn-Key Leasehold Investment in Houghton-le-Spring
This two-bedroom terraced home comes with a lease agreement already in place, offering immediate rental income in one of the North East's consistently strong rental markets. Professionally managed by a reliable letting agent, this property is ideal for hands-off investors seeking predictable returns and long-term stability.
Interested? Get in touch today!
Disclaimer:
Material information will be provided within the legal pack- to download this register your interest at tcpa.co.uk.
Please note: TCPA have not inspected this property, all details have been supplied by the vendor.
Tenure
Freehold
Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.
Auction Information
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 10% deposit and a buyers premium when contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.