Easington Street, Peterlee 2 bed terraced house for sale

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Easington Street, Peterlee 2 bed terraced house for sale

Easington Street, Peterlee
£55,000

Our Summary

  • Tenanted Investment OpportunityThis spacious 2-bedroom mid-terrace home at Easington Street, Peterlee, SR8 3LD, offers a fantastic investment opportunity with a long-term tenant in situ
  • Central heating system with a Baxi Main boilerTenanted 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)

Description

This well-presented 2-bedroom terraced house in Peterlee is available for sale as part of a package deal with a second house in the area. The property, located on Easington Street, has been tenanted since 2016 and is currently paying £400 per month. With a central heating system and Baxi Main boiler, the property offers a fantastic investment opportunity with a long-term tenant in situ. The estimated gross yield is approximately 8.7% at the current rent and 9.8% at market rent. The property has a C energy performance rating, with potential to improve to B. With a strong local rental demand and steady house price growth in Peterlee, this property presents a great option for investors looking to expand their portfolio. The property is available for £55,000 and is priced to sell quickly.