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Houghtonside, Houghton Le Spring, DH4

North East

£73,000

Listed on 06/07/2026

Property details

Bedrooms
2
Type
Terraced

Description

This two-bedroom terrace property is nestled in a well-regarded residential area of Houghton-le-Spring, presenting an appealing opportunity for renovation enthusiasts or first-time buyers aiming to make their mark. While the home requires updating, it provides a solid foundation for customization and value enhancement. The layout offers spacious living areas with potential to improve functionality and aesthetics according to individual preferences. A private rear garden adds to the property's charm, offering space for landscaping or outdoor activities. Conveniently located near local amenities and transport links, this property is positioned ideally for those looking to invest in a project that promises substantial returns. Viewing is recommended to fully grasp the potential this home holds.

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Investment analysis

(DH4 area)
Area Average
£181/sq ft
Avg Rent (weekly)
£166
Avg Yield
4.0%

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
26
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (DH4)

Area prices are falling by -11.0% over the last 12 months
3 year growth: -8.2%
5 year growth: +0.1%
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

Houghtonside, Houghton Le Spring, DH4
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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
£276
Based on a loan of £54,750 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

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