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2 bed terraced house
Tees Street, Peterlee SR8
£50,000
Tees Street, Peterlee SR8
£50,000
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)
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 two bedrooms. Currently, it generates an annual gross income of £5,100, which could be increased to £5,688 with a new owner, making it a worthwhile addition to an investor's portfolio. The property has a tenant already in situ, who has consistently paid rent for several years and has no intention of moving out. The property is close to valuable amenities and has the potential to provide rewarding rental returns.