Ninth Street, Peterlee SR8 2 bed terraced house for sale

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Ninth Street, Peterlee SR8 2 bed terraced house for sale

Ninth Street, Peterlee SR8
£45,000

Our Summary

  • For greater detail on this property's investment potential, please see the Let Property Pack linked below
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
  • Investment potential detailed below (Let Property Pack)

Description

This 2-bedroom mid-terrace house in Peterlee is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-maintained and features a modern kitchen, spacious lounge, and 2 bedrooms. Currently, it generates an annual gross income of £5400, which could be increased to £5688 with long-term tenants already in place. The tenants, who have lived in the property for several years, have consistently paid their rent and have no intention of moving out. With a purchase price that offers a worthwhile return on investment, this property is an excellent addition to any portfolio.