Worst House on the Street Logo
Morris Terrace, Houghton Le Spring - Image 1
Morris Terrace, Houghton Le Spring - Image 2
Morris Terrace, Houghton Le Spring - Image 3
Morris Terrace, Houghton Le Spring - Image 4
Morris Terrace, Houghton Le Spring - Image 5
Morris Terrace, Houghton Le Spring - Image 6
Morris Terrace, Houghton Le Spring - Image 7
Morris Terrace, Houghton Le Spring - Image 8
Morris Terrace, Houghton Le Spring - Image 9

Morris Terrace, Houghton Le Spring

North East

£55,000

Listed on 29/06/2026

Property details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terraced property presents a solid opportunity for those interested in renovation or investment. Located centrally, the layout includes an entrance hallway, a lounge, a breakfasting kitchen, two bedrooms, and a bathroom. Outside, the property offers front and rear gardens that can be revitalized to add further value. Being sold with vacant possession and no upper chain enhances its appeal for first-time buyers and investors alike. The property is being offered as it stands, providing ample scope for modernization and improvement to transform it into a desirable home or rental unit.

Interested in similar properties?

Get alerted when similar renovation and investment opportunities become available.

Investment analysis

(DH5 area)
Area Average
£165/sq ft
Avg Rent (weekly)
£145
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (DH5)

Area prices are falling by -7.5% over the last 12 months
3 year growth: -9.1%
5 year growth: -8.2%
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

Morris Terrace, Houghton Le Spring
Loading map...

Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£208
Based on a loan of £41,250 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

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.