Sidings Place

Property Overview

We are delighted to bring this well-maintained three-bedroom semi-detached home to the market, ideally located in the sought-after area of Houghton le Spring. Situated in a quiet cul-de-sac with gardens to the rear, this property is perfect for investors looking for a turnkey buy-to-let with established tenants.

• Tenure: Freehold
• Bedrooms: 3
• Bathroom: 1
• Outside Space: Rear garden
• Current Use: Buy-to-let
• Managing Agent: In place
• Condition: Excellent throughout

Tenancy Details

• Tenants: Family tenants
• Contract: Periodic tenancy
• Rental Income: £725 per calendar month
• Annual Income: £8,700
• Yield (Gross): 6.4%

*Viewings of this property are available; however, please note the property is tenanted and we need to respect the tenants' right to a peaceful environment. As such, we will require proof of funds from all parties before booking a viewing appointment. On receipt of the above, we will then arrange access*

Investment Highlights

• Attractive Gross Yield of 6.4% based on current rent and asking price.
• Stable Tenancy: Long-term tenants offering secure rental income.
• Professionally Managed: Existing management arrangements ensure a smooth handover.
• Well-Presented Internally: No immediate work required.
• Desirable Residential Area: Popular with families and renters alike.

Financial Overview

Asking Price: £135,000

Monthly Rent: £725pcm

Annual Rent: £8,700

Gross Yield: 6.4%

Typical Letting Fee: 10% (£870.00 PA)

Net Yield (approx): 5.7%

Location

15 Sidings Place is located in a quiet, family-friendly estate in Houghton le Spring, with excellent transport links to Sunderland, Durham, and Newcastle. The area is well-served by local amenities, schools, and public transport.