2-bedroom terraced house · DH4 4DS
For saleListed 35 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary **no upper chain**ideal first time buy or investment opportunity**two bedrooms**rental income of 600/650PCM**walking distance to local schools** Pattinson Estate Agents are delighted to welcome to the market this wonderful two bedroom family home situated in the popular area of Lumley street, Houghton Le Spring.
Conveniently situated within easy access to local amenities, transport links and quick access to major road networks.
Also located within walking distance to Newbottle Primary School, Burnside Academy and Houghton Le Spring High Street.
The property briefly comprises:- Entrance/hallway, living room, kitchen and family bathroom. To the first floor lies two good sized bedrooms. Externally to the rear there is a private yard.
The property also benefits from gas central heating, double glazed windows and having the benefit of no upper chain.
Don't miss out on this great opportunity to secure this lovely property, please contact our Houghton branch to arrange a viewing.
Council Tax Band: A Tenure: Freehold Entrance/Porch Property entrance leading through to the living area.
Living Room (4.9m x 4.6m) Spacious living room with laminate flooring, radiator and double glazed front aspect window. With an open staircase leading to the first floor and access to kitchen.
Kitchen (5.0m x 2.2m) Galley style kitchen benefitting from fitted wall and base units with contrasting work surfaces, integrated oven and gas hob, under counter fridge and freezer and additional space for washing machine.
With added bonus of a breakfasting area, double glazed rear aspect window and external door leading to the rear yard.
Bathroom (1.6m x 2.1m) Ground floor three piece family bathroom benefitting from a panelled bath with shower overhead, hand wash basin and W.C.
Vinyl flooring, tiled walls, radiator and double glazed rear aspect window.
Bedroom One (3.9m x 4.2m) Double bedroom with recently fitted carpets, built in wardrobes, storage cupboard, radiator and a double glazed front aspect window.
Bedroom Two (3.1m x 2.3m) Small double room with recently fitted carpets, radiator and a double glazed rear aspect window.
External Externally to the front provides on street parking, to the rear lies a private yard.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 20, Lumley Street, Houghton Le Spring
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