Summary - 17 NEVILLE ROAD PETERLEE SR8 2AF
2 bed 1 bath Semi-Detached
Affordable freehold semi with rental potential and easy parking, in need of updating..
Freehold two-bedroom semi-detached, 743 sq ft
This two-bedroom semi-detached home on Neville Road offers clear rental potential and straightforward ownership — freehold with gas central heating and double glazing already fitted. At 743 sq ft the footprint is modest but practical: a reception room, fitted kitchen, bathroom and two bedrooms suit tenants or first-time buyers seeking a low-maintenance property. The advertised potential rental income of around £595pcm supports investor interest.
Externally there are small paved front and rear gardens and a side paved driveway providing off-street access. The plot is small, so outdoor space is limited but easy to maintain. Broadband speeds are reported fast and mobile signal excellent — useful for modern tenants or remote workers.
Be candid about location and condition: the property sits in an area classified as “endeavouring social renters” within a wider “industrious transitions” zone, adjacent to industrial estate areas. The neighbourhood has above-average crime levels and the wider area is very deprived, which can affect long-term capital growth and tenant profiles. Internally the finish appears tidy but dated (kitchen circa 1970s–80s) and updating will be needed to maximise value or attract higher rents.
For investors this is a pragmatic, lower-entry-price purchase with immediate rental prospects, straightforward management and modest running costs. For a buyer seeking a longer-term home, expect modest living space, limited garden, and likely refurbishment work to modernise fixtures and finishes.
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