We're delighted to present this new investment opportunity for your consideration as a valuable addition to your investment portfolio.

• The property is currently undergoing redecoration inside and outside with new flooring and new gas and electricity safety certs being put in place.
• Purchase Price - £110,000
• Market Value - £130,000
• Purchase Price - £110,000
• SDLT - £3,300
• Legals - £1,500
• Our Fees - £4,794 (inc VAT)
• Furniture Pack - £5,000 (only needed if holiday let)
• Total - £124,594
• Monthly Income and Costs
• Market Rent - £700 per month
• Full management - £84
• Insurance - £50 per month
• Net Profit - £566 per month
• OR as a holiday let
• £90 per night @ 65% occupancy = £1,780 per month
• Full management, bookings, utilities and cleaning circa 35% = £1,157 per month
• Insurance - £50 per month

✅Strong & Consistent rental market

✅£20,000 below market value

✅Commutable to Sunderland and Durham

✅28.2% Capital appreciation expected by 2028

✅Resilient Tourist Area

Holland Asset Management are delighted to offer our investors a fantastic investment opportunity to purchase this charming 2 Bed Cottage for only £110,000! 

This well-positioned property is situated in the most beautiful part of Houghton Le Spring, only a short commute to Sunderland and Durham. The house itself is finished to a very high standard, and offers the opportunity of single let buy to let, serviced accommodation, or holiday let.

This property will also attract young professionals as tenants, so there will be no shortage of interested parties in the future, wanting to take advantage of those transport links to the most prosperous cities in the North East!

Houghton le Spring is situated in a key business and tourist location useful as a base for exploring Northumberland as well as granting access to the nearby business hubs.

With Savills’ predicted growth rate for this area of 28.2% in the next 5 years, and with it being a key hotspot for growth & regeneration, an investor will witness healthy capital appreciation in the years to come!

Sales Report: https://report.homesearch.co.uk/view/ZWYyMzYyOTcxN2E3M2M0YTAxMTRmNzNlMzU3YzBmODc=

Lettings Report: https://report.homesearch.co.uk/view/NzkxMmUzNzQyMTE5ZTQ3OGM4NTBlNTY2NGI5YTU5M2I=

The property was purchased back in 2007 for £140,000 however we now have it available for £110,000. It is situated in a very nice and picturesque cobbled street and much nicer than the majority of houses in the same town.