Immediate auction purchase with a sitting tenant and clear refurbishment potential.
- Sold at auction via Secure Sale; immediate exchange option available
- Starting bid £48,000; freehold title
- Currently tenanted at £475 pcm (income-generating)
- Approx 840 sq ft, small plot, mid-terrace layout
- EPC C, mains gas boiler and radiators, double glazing
- Exterior unkempt; fencing and general maintenance required
- Cavity walls assumed uninsulated; retrofit costs likely
- Local area: very deprived classification, average crime
Set for sale by Secure Sale with an immediate exchange option, this mid‑terrace property offers a budget entry to Houghton Le Spring’s rental market. The freehold house (approx. 840 sq ft) sits on a small plot and currently produces rental income of £475 pcm, making it attractive to buy‑to‑let investors or cash buyers seeking near‑term returns via auction purchase.
Constructed in the 1930–1949 period, the property benefits from double glazing, mains gas central heating with boiler and radiators, an EPC rating of C and very low council tax (Band A). The interior includes a modern-looking kitchen/dining area; room sizes are small to medium across an approximate five-room layout. Fast broadband and several nearby Good-rated primary and secondary schools add practical appeal for letting to families or local workers.
There are clear maintenance and improvement needs: the exterior appears worn and unkempt, fencing and finishes require attention, and cavity walls are assumed uninsulated. The area scores high on deprivation metrics and is classified as an industrious, hardship locality with average crime rates, which will affect tenant demand and long‑term capital growth expectations. Buyers should budget for refurbishment and verify any retrofit or insulation costs.
Offered with a starting bid of £48,000 at auction and sold under Secure Sale terms, this property suits investors or experienced renovators who can proceed quickly, budget for repairs, and manage tenancy. Prospective purchasers should carry out their own surveys, tenancy checks and financial due diligence prior to bidding.
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