2 Bedroom Terraced House Sold in Houghton Le Spring, DH4
| Reference | 53069 |
| Address |
Grasswell Terrace, Houghton Le Spring, DH4 (Map Location) |
| Beds | 2 |
| Baths | 1 |
| Type | Terraced house |
| Tenure | Freehold |
** Immaculate - Ready to Rent Property ** Popular location between Sunderland and Durham ** Strong Rental Demand - With - £600 PCM Achievable ** Delivers - 11% Yield ** No Work / Repairs or Refurbishment Required
Description
Immaculate and Ready to Rent Property
Popular location between Sunderland and Durham
Strong Rental Demand with Six Hundred Pounds Per Calendar Month Achievable
Delivers Eleven Percent Yield
No Work, Repairs or Refurbishment Required
* Freehold
* Vacant Possession
* Buy to Let Investment Opportunity
Address
8 Grasswell Terrace
Houghton Le Spring
DH4 4DX
Property Overview
A two bedroom freehold terraced property offered at an asking price of Sixty Eight Thousand Pounds, suitable for buy to let investors seeking a strong yield opportunity. The property is currently vacant, allowing a new owner flexibility to let and generate rent after completion. No refurbishment or repairs are required.
The property benefits from two bathrooms, gas central heating and a Council Tax Band A rating, supporting affordability for tenants and ongoing rental demand within the local area.
Investment Summary Guidance Only
Asking Price: Sixty Eight Thousand Pounds
Bedrooms: Two
Bathrooms: Two
Tenure: Freehold
Status: Vacant
Estimated Rent Per Calendar Month: Six Hundred Pounds
Management Fee at Twelve Percent Plus Value Added Tax: Eighty Six Pounds and Forty Pence
Estimated Rent After Management: Five Hundred Thirteen Pounds and Sixty Pence Per Calendar Month
Guide Yield: Eleven Percent
Council Tax Band: A
Heating: Gas Central Heating
All rental figures, yields and projections are provided for guidance only and must be independently verified by the buyer.
Management and Lettings
The property is not currently managed by AMRP, however it falls within our area of operation and can be placed under full management if required, subject to agreement.
Fees and Charges – Buyer Information Material Information
A sourcing fee of Two Thousand Five Hundred Pounds is payable to AMRP Buy To Let Advisory Services Limited by the buyer.
This is paid as follows:
Sixty Pounds payable to Lifetime Legal at the point of offer acceptance to fund legally required Anti Money Laundering, Proof of Identity and Source of Funds checks.
Two Thousand Four Hundred Forty Pounds payable on completion, processed by the buyer’s solicitor as a disbursement.
Total sourcing fee payable: Two Thousand Five Hundred Pounds.
Buyers should confirm Value Added Tax treatment prior to exchange.
Stamp Duty Guidance Only
Estimated Stamp Duty Land Tax for an investor purchasing as an additional property:
Three Thousand Four Hundred Pounds.
This figure is provided for guidance only and should be confirmed with a solicitor or tax adviser.
Inspection and Video Tour
Video Inspection Link
https://youtu.be/M6Mfy3HBp6k
Date of Visit: Eighteenth November Two Thousand Twenty Five
Important Notes and Disclaimers
These particulars do not constitute an offer or contract.
Measurements, rental figures and yields are approximate and provided for guidance only.
Buyers must satisfy themselves as to condition, tenure, licensing, compliance and suitability for investment purposes.
Any future letting will be subject to relevant safety certificates and local authority requirements.