Summary - 14 NINTH STREET HORDEN PETERLEE SR8 4LZ
2 bed 1 bath Terraced
Low-entry buy-to-let with immediate rental income and long lease.
- Long-term tenant in-situ, steady rental income
- Current gross income £5,400; market potential £5,688
- 2 bedrooms, modern kitchen, spacious lounge
- Leasehold with 995 years remaining
- Unflooded location; excellent mobile and fast broadband
- Located in a very deprived area with high crime
- Low asking price, strong entry-level yield potential
- Buyer’s premium applies on completion
A straightforward buy-to-let with stable income: 2-bedroom mid-terrace in Peterlee offered with a long-term tenant in-situ. The property is leasehold (995 years remaining) and is presented with a modern kitchen and a spacious lounge, making it immediately rentable with minimal work required.
Current gross income is £5,400 per year, with a modest uplift to an estimated market rent of £5,688 achievable. At the asking price of £45,000 this provides clear income yield potential for investors seeking to expand a rental portfolio or add a low-entry asset.
The location is in a hard-pressed, very deprived area with high local crime rates; this is reflected in the pricing and will influence tenant demand and management requirements. Broadband and mobile signals are strong, and there is no flood risk. The property suits hands-on landlords or portfolio investors comfortable managing tenancies in challenging neighbourhoods.
Buyers should note the property is a traditional Victorian terraced house of average overall size, with standard ceiling heights and compact rooms. Tenants are currently long-standing and intend to remain, which supports immediate income continuity. A buyer’s premium applies on sale.
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