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2 Bed Terraced House, Potential PLO/LOA, Houghton le Spring, DH5 0JU £40,000

Girven Terrace, Easington Lane, Houghton Le Spring, Tyne and Wear, DH5 0JU - 13 days ago
  1. Deal Search
  2. Houghton Le Spring
  3. DH5
  4. DH5 0JU
Auction
Negative Equity
ROI: 14%
~68 m²

ValuationUndervalued

This may not be accurate, please check manually.

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Links

  • More Deals in Houghton Le Spring
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Property History

Price changed to £40,000

December 21, 2025

Listed for £42,500

-27%

December 17, 2025

Sold for £54,000

2021

Sold for £77,000

2007

Floor Plans

Description

  • Two-bedroom traditional mid-terrace home +
  • Two reception rooms +
  • uPVC double glazing and gas central heating +
  • No onward chain +
  • Strong investment potential +
  • estimated rental income £500 PCM / £6,000 per year +
  • Approximate gross rental yield: 12.6% +
  • Ideal for investors or first-time buyers +

Two-Bedroom Mid-Terrace Home – Village Location – Rear Yard – No Onward Chain

This is a fine example of a traditional mid-terraced house offering two reception rooms and two double bedrooms, brought to the market with the significant advantage of no onward chain. An ideal purchase for investors or first-time buyers, early viewing is strongly recommended on this realistically priced home.

The property offers strong investment potential, with an estimated rental value of £500 per calendar month, generating an annual income of £6,000 and delivering an excellent gross rental yield of approximately 12.6%.

The home has been improved over the years and benefits from uPVC double glazing and gas central heating throughout. Internally, the accommodation briefly comprises two reception rooms, a modern fitted kitchen, and an adjoining bathroom featuring a corner bath. To the first floor are two well-proportioned double bedrooms, both of which benefit from fitted wardrobes.

Externally, the property enjoys a small, self-contained rear yard, offering low-maintenance outdoor space.

Conveniently situated close to local facilities, the property is well placed for a range of shops, schooling at all levels, health services, and leisure amenities, making it an attractive option for both owner-occupiers and tenants alike.

Overall, this property represents a strong buy-to-let opportunity, combining immediate rental potential, excellent local amenities, and the benefit of no upward chain.

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Peterlee

0191 625 0949

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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