£117,500 /Sale price

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): 7.25% *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 7% 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: £120,000 Monthly Rent: £725pcm Annual Rent: £8,700 Gross Yield: 7.25% Typical Letting Fee: 10% (£870.00 PA) Net Yield (approx): 6.5% 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.