Transitional housing. Ordinary houses.
Two- and three-bedroom freehold homes in County Durham and the North East of England — refurbished, furnished and placed under 25-year Myshon management as transitional housing. The same house a local family would buy, at a price that still leaves room for income.
Property of the month.
The current ten-home selection.
Ten freehold houses across County Durham — nine two-bedroom, one three-bedroom. Pricing follows a fixed standard template: £127,400 for a 2-bed at a 12% target net yield, £176,040 for a 3-bed at 13%. There is no per-property negotiation, which means no haggling premium for buying from abroad. Homes may be taken individually or as a group.
Status is indicative and changes daily. A property marked under offer or reserved may still become available. Photography shows the property or a comparable home from the same refurbishment programme. Figures are targets before purchase costs and are not guaranteed.
What arrives when the refurbishment finishes.
These are not development plots, off-plan units or specialist blocks. They are ordinary residential houses on ordinary streets — the sort of home that has a garden, a front door onto the pavement and neighbours who own theirs.
That is deliberate. An ordinary house has an ordinary resale market. At the end of the term, or if you sell earlier, the buyer pool is every family and every landlord in the region — not a narrow band of specialist investors.
Every property is brought to the Decent Homes Standard before anyone moves in, and prepared to meet current housing, safety and compliance requirements.
- 2 or 3 bedroom residential house
- Freehold title, registered in your own name
- Terrace, end-terrace or semi-detached
- Garden, yard or driveway
- Full refurbishment: kitchen, bathroom, heating, electrics
- Furnished and equipped before tenant placement
- EPC, gas safety and electrical certification in place
- Capable of returning to standard residential use
Why not London?
It is the first question every buyer in Hong Kong asks, and it deserves a straight answer: London does not produce income. A two-bedroom flat in Zone 3 costs many times these prices and yields a fraction of this after costs. Investors buy London for capital growth and prestige, and accept a low running return for it.
Stanley, Chester-le-Street, Bishop Auckland, Ferryhill and Wheatley Hill are working towns in County Durham and the North East of England. Houses are inexpensive relative to earnings, rental demand is steady, and — critically — the local authorities in the region carry a real statutory duty to house people.
That combination is what makes the arithmetic work. It is not a growth story. It is an income story, and we would rather say so plainly than dress it up.
Want the fact sheet on a specific house?
Tell us which one. Each fact sheet includes the full photography set, the refurbishment schedule, the 25-year income illustration and the risk note.