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South View, Houghton Le Spring

North East

£45,000

Listed on 29/06/2026

Property details

Bedrooms
3
Type
Terraced

Description

This two-bedroom mid-terraced property presents a promising canvas for renovation enthusiasts or investors looking to capitalize on its potential. Located in a central area of the North East, this property comprises an entrance hallway, a lounge, and a kitchen currently devoid of fittings, alongside three bedrooms and a bathroom. The exterior includes both a garden and a yard space, enhancing the appeal for outdoor improvements. There are no chains involved, allowing for swift transactions, making it an ideal opportunity for first-time buyers or those eager to embark on a refurbishment journey. With the right vision and updates, this blank slate could transform into a desirable home or rental property.

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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
£25,000 - £40,000
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

South View, 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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