No longer on the market
This property is no longer on the market
Map2 bedroom terraced house
Terraced house
2 beds
1 bath
731
EPC rating: C
Key information
Features and description
PLEASE NOTE THAT WE WILL BE CLOSED FOR SHEVUOT ON MONDAY 02/06/2025 AND TUESDAY 03/06/2025. PLEASE SEND YOUR ENQUIRY VIA EMAIL AND WE WILL RESPOND WHEN WE ARE BACK. THANKS FOR YOUR PATIENCE, WE LOOK FORWARD TO BEING OF ASSISTANCE.
Well-Presented 2-Bedroom Terraced House in Peterlee For Sale. This freehold property is available as part of a package deal with a second house in the area, on Baldwin Street. The price for the pair is OIEO £110,000.
Tenanted Investment Opportunity
This spacious 2-bedroom mid-terrace home at Easington Street, Peterlee, SR8 3LD, offers a fantastic investment opportunity with a long-term tenant in situ. Priced at OIEO £55,000, this freehold property is available as part of a package deal with a second house in the area, on Baldwin Street.
Property Overview
Well-maintained throughout, this home benefits from 731 sq ft (68 m²) of internal space.
Central heating system with a Baxi Main boiler
Tenanted since 2016, currently paying £400 PCM, with scope for an increase to circa £450 PCM, reflecting local market trends.
EPC Rating: C (73), with potential to improve to B (89).
For Investors
This property presents a strong buy-to-let investment, with:
A stable long-term tenant, ensuring immediate rental income.
An estimated gross yield of approximately 8.7% at the current rent and 9.8% at market rent (£450 PCM).
Steady house price growth in Peterlee, with average property values in County Durham increasing by 7.8% annually (ONS Data).
Strong local rental demand, with average rents in County Durham rising 9.2% year-on-year, reaching £586 PCM in January 2025.
Transport Links
Road Access: The A19 provides easy routes to Sunderland (12 miles) and Middlesbrough (20 miles).
Public Transport: Regular bus services connecting Peterlee with nearby towns.
Rail Travel: Horden train station (1.5 miles away) offers services to Newcastle, Sunderland, and Hartlepool.
Air Travel: Newcastle International Airport is approximately 30 miles away, providing domestic and international flights.
General Data
Council Tax Band: A (£1,547.02 for 2024/2025).
Tenure: Freehold.
Internal Floor Space: 731 sq ft (68 m²).
Year Built: 1900-1929.
Heating: Gas central heating (Baxi Main boiler).
Parking: On-street parking available.
Flood & Coastal Erosion Risk: Very low risk.
This tenanted property provides an immediate income stream, making it a great option for investors looking to expand their portfolio. Contact us today to arrange a viewing or for any further information.
PLEASE NOTE THAT WE WILL BE CLOSED FOR SHEVUOT ON MONDAY 02/06/2025 AND TUESDAY 03/06/2025. PLEASE SEND YOUR ENQUIRY VIA EMAIL AND WE WILL RESPOND WHEN WE ARE BACK. THANKS FOR YOUR PATIENCE, WE LOOK FORWARD TO BEING OF ASSISTANCE.
Council Tax Band: A
Tenure: Freehold
Well-Presented 2-Bedroom Terraced House in Peterlee For Sale. This freehold property is available as part of a package deal with a second house in the area, on Baldwin Street. The price for the pair is OIEO £110,000.
Tenanted Investment Opportunity
This spacious 2-bedroom mid-terrace home at Easington Street, Peterlee, SR8 3LD, offers a fantastic investment opportunity with a long-term tenant in situ. Priced at OIEO £55,000, this freehold property is available as part of a package deal with a second house in the area, on Baldwin Street.
Property Overview
Well-maintained throughout, this home benefits from 731 sq ft (68 m²) of internal space.
Central heating system with a Baxi Main boiler
Tenanted since 2016, currently paying £400 PCM, with scope for an increase to circa £450 PCM, reflecting local market trends.
EPC Rating: C (73), with potential to improve to B (89).
For Investors
This property presents a strong buy-to-let investment, with:
A stable long-term tenant, ensuring immediate rental income.
An estimated gross yield of approximately 8.7% at the current rent and 9.8% at market rent (£450 PCM).
Steady house price growth in Peterlee, with average property values in County Durham increasing by 7.8% annually (ONS Data).
Strong local rental demand, with average rents in County Durham rising 9.2% year-on-year, reaching £586 PCM in January 2025.
Transport Links
Road Access: The A19 provides easy routes to Sunderland (12 miles) and Middlesbrough (20 miles).
Public Transport: Regular bus services connecting Peterlee with nearby towns.
Rail Travel: Horden train station (1.5 miles away) offers services to Newcastle, Sunderland, and Hartlepool.
Air Travel: Newcastle International Airport is approximately 30 miles away, providing domestic and international flights.
General Data
Council Tax Band: A (£1,547.02 for 2024/2025).
Tenure: Freehold.
Internal Floor Space: 731 sq ft (68 m²).
Year Built: 1900-1929.
Heating: Gas central heating (Baxi Main boiler).
Parking: On-street parking available.
Flood & Coastal Erosion Risk: Very low risk.
This tenanted property provides an immediate income stream, making it a great option for investors looking to expand their portfolio. Contact us today to arrange a viewing or for any further information.
PLEASE NOTE THAT WE WILL BE CLOSED FOR SHEVUOT ON MONDAY 02/06/2025 AND TUESDAY 03/06/2025. PLEASE SEND YOUR ENQUIRY VIA EMAIL AND WE WILL RESPOND WHEN WE ARE BACK. THANKS FOR YOUR PATIENCE, WE LOOK FORWARD TO BEING OF ASSISTANCE.
Council Tax Band: A
Tenure: Freehold
About this agent
Rent North East - Gateshead
412, Aidan House Business Center
Gateshead, Tyne & Wear
NE8 3HU
0191 392 0343Rent North East is a multi award winning property management and lettings agency, offering top rated property management and lettings services across the North East. With a strong local presence in Gateshead, Newcastle and Sunderland as well as the surrounding areas, Rent North East are well placed to let and manage properties across the North East. Rent North East are leading innovators, with a fully online system, enabling applicants to rent a property from the comfort of their homes, and landlords to keep track of progress via their online portal. Our trademark excellent customer service ensures that all properties are online within 48 hours of instruction, and that all enquiries are attended to within 24 hours. So, get in touch, and discover the difference. ----------------------------------------------------------------------------------------- 10Homes. Focused Selling. Focused A 10Homes agent only takes on 10Homes at any time, so that they have the time, resources and motivation that they need to properly focus on getting the best results for you. Better results Buyer information packs, reservation agreements, and online bidding help us to move quicker, secure the best price from a genuine buyer, and to get to completion quicker. The best local agents Every 10Homes agent has significant top level estate agency experience, and has superb local knowledge and practical experience to help get you the results that you need.