1 bed flat for sale Avondale Avenue, Penshaw, Houghton-Le-Spring, DH4

1 bed 1 bath Flat

Leasehold

Added on 16/09/2026

About this property

Available with sitting tenant, this one bedroom ground floor apartment comes situated in Penshaw, Houghton Le Spring bringing in a rent of £375 per calendar month. Overlooking the park and fields the property would be an ideal investment. Briefly comprising of entrance hallway, lounge, kitchen, bedroom and shower room.

Key features

One Bedroom Ground Floor Apartment
Tenanted Investment Opportunity
Leasehold - 104 years remaining
Approximately 36 sq meters (387 sq foot)
Council Tax Band A
EPC Rating C

Floorplan

Location

Avondale Avenue, Penshaw, Houghton-Le-Spring, DH4

Open map Street View

Council tax band: A

Mortgage and stamp duty

Property price £35,000

£18k £53k

Deposit11% £4,000

£0 £35k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £31,000 mortgage. Most lenders would want a household income of about £7,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.