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Railway Terrace North, Houghton Le Spring

North East

£45,000

Listed on 29/06/2026

Property details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terraced property presents a promising opportunity for buyers seeking to invest in a renovation project. Located in a central area of the North East, the home offers an entrance hallway, a lounge, and a kitchen/breakfast room that can be transformed into a modern living space. The first floor comprises two generously sized bedrooms and a family bathroom, providing ample layout options. Outside, there is a spacious garden and yard that could serve as additional outdoor living space. Offered with vacant possession and no upper chain, this property invites investors and first-time buyers alike to explore its potential. Viewing is encouraged for those looking to capitalize on its investment prospects.

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Investment analysis

(DH4 area)
Area Average
£177/sq ft
Avg Rent (weekly)
£167
Avg Yield
4.2%

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
33
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DH4)

Area prices are falling by -4.1% over the last 12 months
3 year growth: -2.8%
5 year growth: +9.8%
Investment Disclaimer: Analysis based on DH4 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

Railway Terrace North, Houghton Le Spring
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£170
Based on a loan of £33,750 over 30 years at 4.45% 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.

Stamp duty calculator

Next Steps

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