Summary -
6 Henry Street,HOUGHTON LE SPRING,DH5 8AS
DH5 8AS
2 bed 1 bath Terraced
Two-bedroom freehold terrace with tenant in situ — immediate income opportunity.
Tenant in situ with stable rent payments and long-term occupancy
Current annual gross income £6,000 — gross yield ≈ 7.7% at asking price
Freehold two-bedroom mid-terrace with private driveway parking
Private rear garden; small plot size suited to low-maintenance lettings
Let Property Pack available with full tenancy and income details
Area classified as deprived; local growth and resale may be limited
Buyer’s Premium applies on sale — check terms before offer
Some renovation/refurbishment potential; factor in repair and upgrade costs
This two-bedroom mid-terrace on Henry Street is presented with a tenant in situ, offering immediate rental income and a gross yield of about 7.7% based on the current annual rent of £6,000 and asking price of £78,000. The house is freehold, has private driveway parking and a private rear garden — useful practical features for long-term lettings.
The property suits an investor seeking steady cashflow rather than quick capital growth. The current tenancy has been long-standing with on-time payments and the occupants intend to remain, so vacant possession is not guaranteed. A Let Property Pack is available for full tenancy and income details.
There is some renovation and value-add potential (period features and typical Victorian terrace layout), but the area is classified as deprived with average crime levels and modest local demand drivers. Buyers should factor in local market limitations when modelling future rent increases or resale.
A Buyer’s Premium will be applied on sale; purchasers should check the Let Property Pack and tenancy documents and allow for any refurbishment costs and management considerations before committing.
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