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Two-bedroom terraced house with tenant in situ

Peterlee, SR8 - Get Access

2 bed 1 bath

Description

Pattinson Estate Agents are delighted to bring to the market this tenanted property on Barwick Street, Peterlee, currently producing a rental income of £425 per calendar month with an 8%+ yield, making this an excellent opportunity for landlords and investors looking to add to their portfolio, this property has potential for a 10%+ Yield. The property is situated within a popular residential area of Peterlee, close to a range of local amenities, shops, schools and transport links. Peterlee town centre is within easy reach, providing access to everyday facilities, whilst excellent road links connect to surrounding areas. The property is being offered for sale with tenants in situ, providing a potential rental investment from completion, subject to the existing tenancy and terms. Internally, the accommodation offers well-proportioned living space and would suit those looking for a straightforward buy-to-let investment. Barwick Street is conveniently positioned for access to Peterlee town centre and a range of local amenities, shops, schools and transport links, making the property appealing to both landlords and tenants. An ideal opportunity for an investor looking to add a tenanted property to their portfolio. Early viewing is recommended.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
High confidence Floor Area: 484 sq ft (Floor plan)

Valuing this two-bedroom terraced house in Peterlee relies heavily on direct sales evidence from the same street. We reviewed local transactions ranging between £46,000 and £55,000 to establish an accurate baseline rate per square foot. The property's current condition, which includes damp indicators and ceiling mold, was factored in using estimated remediation costs.

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