Gilpin Street, Houghton Le Spring
JA

Gilpin Street, Houghton Le Spring

By Janine Hegarty Bell Limited

£ 77,500

Reviews

2 out of 5 stars

Janine Hegarty Bell Limited says ..

INVESTOR ALERT... this three bedroom terrace house comes with a tenant paying £475 pcm. The property briefly comprises: Entrance door to hallway, spacious lounge, dining room, kitchen with appliances, ground floor bathroom, stairs to first floor and three bedrooms. Externally there is a rear ya...

Property Oracle says ..

This three-bedroom terraced house in Houghton Le Spring, Tyne and Wear, is listed at £77,500. The property comes with a tenant in place, offering a potential rental income of £475 per month. The interior images suggest the property requires some modernisation and cosmetic improvements. The kitchen and bathroom, in particular, would benefit from upgrading. The property’s location within Houghton Le Spring provides reasonable proximity to schools and local amenities. The absence of detailed information regarding the property’s square footage and garden space makes a precise assessment of value per square foot challenging. However, comparing the price to nearby listings shows a reasonable price within the market, although not exceptional value. Overall, the property presents itself as a potential investment opportunity for buyers seeking rental income or a property that can be improved to increase its value. The presence of a tenant in situ will make it of particular appeal to buy-to-let investors.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
6
Land
2
Bedrooms
3
Bathrooms
1

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
169,990.00 £
Increased by 19.69 %
from 142,027.00 £
Average area rental value
845.00 £/mo
Increased by 3.17 %
from 819.00 £/mo
Est rental Yield
5.97 %
Decreased by 13.73 %
from 6.92 %
Crime Rate
9.00 %
Unchanged by 0.00 %
from 9.00 %

Agent Activity

  • Janine Hegarty Bell Limited created the listing.

Nearby Schools

NameTypeOfstedDistance
Burnside Academy InspiresAcademy ConverterGood0.48 KM
KepierAcademy ConverterRequires improvement0.57 KM
St Michael'S Catholic Primary SchoolAcademy Converter0.95 KM
Newbottle Primary AcademyAcademy ConverterGood1.20 KM
Bernard Gilpin Primary SchoolCommunity SchoolGood1.31 KM

Images

Lounge Lounge IMG_8471_2_3.jpg Dining Room Kitchen Bathroom Unknown-1.jpeg Unknown.jpeg Unknown-2.jpeg

Nearby Streets

NameAverage PriceAverage SqftDistance
Rose Street £ 000.00 KM
Jubilee Cottages £ 000.00 KM
Burn Promenade £ 79,95000.00 KM
Pottery Yard £ 000.00 KM
Lumley Street £ 000.00 KM

Nearby Listings

Nearby Properties

AddressPriceDistance
64 Burn Park Road £ 70,0000.07 KM
90 Burn Park Road £ 70,0000.07 KM
62 Burn Park Road £ 50,0000.07 KM
29 Gilpin Street £ 78,0000.08 KM
22 Bernard Street £ 109,9500.08 KM