South Terrace, Horden SR8 3 bed terraced house for sale

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South Terrace, Horden SR8 3 bed terraced house for sale

South Terrace, Horden SR8
£57,000

Our Summary

  • It is conveniently close to essential amenities, offers strong potential for rental returns, and has a tenant in residence
  • Please see the Let Property Pack linked below for greater details on this property's investment potential
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
  • Investment potential detailed below (Let Property Pack)

Description

This 3-bedroom mid-terrace house in Peterlee is a fantastic investment opportunity, with a tenant already in residence and a strong potential for rental returns. The property offers three bedrooms, a lounge, kitchen, and three-piece bathroom, as well as convenient on-street parking and private front and back gardens. Currently producing an annual gross income of £5,400, the new owner could increase this to a market rate of £11,460 with the existing tenants in place, making it a worthwhile addition to an investor's portfolio. The current tenants have been renting the property for several years and are committed to continuing their tenancy, ensuring a smooth transaction process.