3 Bed Detached House For Sale

We are delighted to bring this well-maintained three-bedroom semi-detached home to the market, ideally located in the sought-after area of Houghton le Spring. Situated in a quiet cul-de-sac with gardens to the rear, this property is perfect for investors looking for a turnkey buy-to-let with established tenants.



Tenure: Freehold

Bedrooms: 3

Bathroom: 1

Outside Space: Rear garden

Current Use: Buy-to-let

Managing Agent: In place

Condition: Excellent throughout

Tenancy Details



Tenants: Family tenants

Contract: Periodic tenancy

Rental Income: £725 per calendar month

Annual Income: £8,700

Yield (Gross): 6.4%

*Viewings of this property are available; however, please note the property is tenanted and we need to respect the tenants' right to a peaceful environment. As such, we will require proof of funds from all parties before booking a viewing appointment. On receipt of the above, we will then arrange access*



Investment Highlights



Attractive Gross Yield of 6.4% based on current rent and asking price.

Stable Tenancy: Long-term tenants offering secure rental income.

Professionally Managed: Existing management arrangements ensure a smooth handover.

Well-Presented Internally: No immediate work required.

Desirable Residential Area: Popular with families and renters alike.

Financial Overview



Asking Price: £135,000



Monthly Rent: £725pcm



Annual Rent: £8,700



Gross Yield: 6.4%



Typical Letting Fee: 10% (£870.00 PA)



Net Yield (approx): 5.7%



Location



15 Sidings Place is located in a quiet, family-friendly estate in Houghton le Spring, with excellent transport links to Sunderland, Durham, and Newcastle. The area is well-served by local amenities, schools, and public transport.