Deal 87 - BRRR : Northumberland - 2 into 4-Bed HMO

Our All-Inclusive Service:
- Property sourcing: We identify and secure profitable investment opportunities.
- Finance: We assist with securing competitive financing options.
- Refurbishment: Our in-house team handles all renovation and refurbishment work.
- Tenant placement: We find reliable tenants and manage the tenancy process.
- Property management: We provide comprehensive property management services, including rent collection and maintenance.

Key Features of Houghton-le-Spring:

Transport Links: Houghton-le-Spring is strategically located between Durham and Sunderland on the A690. It offers excellent road access to the wider region via the nearby A1(M) and A19, connecting to major centres like Newcastle upon Tyne and Teesside. While the town does not have its own railway station, regular bus services provide strong connections to Sunderland and Chester-le-Street for mainline rail access.

Economy: With deep roots in the region's coal mining industry, Houghton has since transitioned to a more diverse economy. The town centre serves as a local hub for retail and services. Nearby business parks, such as Rainton Arena, host conferences, events, and a range of businesses, contributing to the local economy.

Property Market: The town offers a wide variety of housing, from traditional terraced houses reflecting its heritage to numerous modern housing developments. Property prices in Houghton-le-Spring are generally more affordable compared to the nearby cities of Durham and Sunderland, making it an attractive location for first-time buyers, families, and commuters.

Education and Healthcare: Houghton-le-Spring is served by several primary schools and a major secondary school, Houghton Kepier School. For healthcare, there are local GP surgeries and clinics within the town, with comprehensive hospital services available at the nearby Sunderland Royal Hospital.

Leisure and Recreation: The area is home to the iconic Penshaw Monument, a National Trust landmark offering panoramic views. Herrington Country Park, a large park developed on a former colliery site, provides extensive space for walking, cycling, and major events. The town is also famous for the "Houghton Feast," an ancient annual festival held every October featuring a fairground, carnival, and traditional celebrations.

Key Investment Highlights:

▪ Purchase price: £50,000
▪ GDV: £75,000
▪ Refurb costs: £25,000
▪ Annual profit: £8,600
▪ ROCE: 29%
▪ Gross yield: 24%

▪ Estimated monthly profit: £720

Sourced reference: 833299164333842