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 %
- Average area rental value
- 845.00 £/moIncreased by 3.17 %
- Est rental Yield
- 5.97 %Decreased by 13.73 %
- Crime Rate
- 9.00 %Unchanged by 0.00 %
Agent Activity
Janine Hegarty Bell Limited created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Burnside Academy Inspires | Academy Converter | Good | 0.48 KM |
| Kepier | Academy Converter | Requires improvement | 0.57 KM |
| St Michael'S Catholic Primary School | Academy Converter | 0.95 KM | |
| Newbottle Primary Academy | Academy Converter | Good | 1.20 KM |
| Bernard Gilpin Primary School | Community School | Good | 1.31 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Rose Street | £ 0 | 0 | 0.00 KM |
| Jubilee Cottages | £ 0 | 0 | 0.00 KM |
| Burn Promenade | £ 79,950 | 0 | 0.00 KM |
| Pottery Yard | £ 0 | 0 | 0.00 KM |
| Lumley Street | £ 0 | 0 | 0.00 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Gilpin Street, Houghton Le Spring | £ 77,500 | BUY | 4 / 10 | 0.00 KM |
| Gilpin Street, Houghton Le Spring, Tyne and Wear, DH4 5DR | £ 94,950 | BUY | 5 / 10 | 0.04 KM |
| Bernard Street, Houghton Le Spring, Tyne and Wear, DH4 | £ 64,950 | BUY | Unknown | 0.04 KM |
| Gilpin Street, Houghton Le Spring, Tyne and Wear, DH4 | £ 49,950 | BUY | 5 / 10 | 0.05 KM |
| Gilpin Street, Houghton le Spring, Tyne and Wear, DH4 5DR | £ 89,995 | BUY | 5 / 10 | 0.08 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 64 Burn Park Road | £ 70,000 | 0.07 KM |
| 90 Burn Park Road | £ 70,000 | 0.07 KM |
| 62 Burn Park Road | £ 50,000 | 0.07 KM |
| 29 Gilpin Street | £ 78,000 | 0.08 KM |
| 22 Bernard Street | £ 109,950 | 0.08 KM |