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35 Edward Street, Hetton-le-Hole, Houghton Le Spring, Tyne And Wear, DH5 9EL - Image 1

35 Edward Street, Hetton-le-Hole, Houghton Le Spring, Tyne And Wear, DH5 9EL

North East

£39,999
Listed on 04/03/2026

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom mid-terrace property in Houghton le Spring presents a compelling opportunity for investors and buyers eager to undertake a refurbishment project. Currently tenanted, the property generates a rental income of £475 per month, with the potential to increase to approximately £500 in the current market. The layout features a reception room, kitchen, two bedrooms, and a bathroom spread across two levels, all of which can be modernised to enhance both comfort and rental yield. Located near essential amenities, schools, and transport options, this property benefits from high tenant demand in the area. Moreover, the property's condition allows for various improvement options that could significantly increase its value over time. This is an excellent chance for those looking to invest in a well-located asset with notable upside potential.

Investment Analysis

(DH5 area)
Area Average
£167/sq ft
Avg Rent (weekly)
£154
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (DH5)

Area prices are rising by +2.9% over the last 12 months
3 year growth: -5.5%
5 year growth: -2.8%
Investment Disclaimer: Analysis based on DH5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

35 Edward Street, Hetton-le-Hole, Houghton Le Spring, Tyne And Wear, DH5 9EL
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£144
Based on a loan of £29,999 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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