2 bedroom terraced house for sale

Property number 53069. Enquire through OnTheMarket's messaging system and we'll respond within 5 minutes, 24/7

Immaculate and Ready to Rent Property

Popular location between Sunderland and Durham

Strong Rental Demand with Six Hundred Pounds Per Calendar Month Achievable

Delivers Eleven Percent Yield

No Work, Repairs or Refurbishment Required

* Freehold

* Vacant Possession

* Buy to Let Investment Opportunity

Address

8 Grasswell Terrace

Houghton Le Spring

DH4 4DX

Property Overview

A two bedroom freehold terraced property offered at an asking price of Sixty Eight Thousand Pounds, suitable for buy to let investors seeking a strong yield opportunity. The property is currently vacant, allowing a new owner flexibility to let and generate rent after completion. No refurbishment or repairs are required.

The property benefits from two bathrooms, gas central heating and a Council Tax Band A rating, supporting affordability for tenants and ongoing rental demand within the local area.

Investment Summary Guidance Only

Asking Price: Sixty Eight Thousand Pounds

Bedrooms: Two

Bathrooms: Two

Tenure: Freehold

Status: Vacant

Estimated Rent Per Calendar Month: Six Hundred Pounds

Management Fee at Twelve Percent Plus Value Added Tax: Eighty Six Pounds and Forty Pence

Estimated Rent After Management: Five Hundred Thirteen Pounds and Sixty Pence Per Calendar Month

Guide Yield: Eleven Percent

Council Tax Band: A

Heating: Gas Central Heating

All rental figures, yields and projections are provided for guidance only and must be independently verified by the buyer.

Management and Lettings

The property is not currently managed by AMRP, however it falls within our area of operation and can be placed under full management if required, subject to agreement.

Fees and Charges – Buyer Information Material Information

A sourcing fee of Two Thousand Five Hundred Pounds is payable to AMRP Buy To Let Advisory Services Limited by the buyer.

This is paid as follows:

Sixty Pounds payable to Lifetime Legal at the point of offer acceptance to fund legally required Anti Money Laundering, Proof of Identity and Source of Funds checks.

Two Thousand Four Hundred Forty Pounds payable on completion, processed by the buyer’s solicitor as a disbursement.

Total sourcing fee payable: Two Thousand Five Hundred Pounds.

Buyers should confirm Value Added Tax treatment prior to exchange.

Stamp Duty Guidance Only

Estimated Stamp Duty Land Tax for an investor purchasing as an additional property:

Three Thousand Four Hundred Pounds.

This figure is provided for guidance only and should be confirmed with a solicitor or tax adviser.

Inspection and Video Tour

Video Inspection Link

Date of Visit: Eighteenth November Two Thousand Twenty Five

Important Notes and Disclaimers

These particulars do not constitute an offer or contract.

Measurements, rental figures and yields are approximate and provided for guidance only.

Buyers must satisfy themselves as to condition, tenure, licensing, compliance and suitability for investment purposes.

Any future letting will be subject to relevant safety certificates and local authority requirements.