Summary - 2 WAVENEY ROAD PETERLEE SR8 1HJ
2 bed 1 bath Flat
High yield buy-to-let opportunity near town centre.
First-floor two-bedroom apartment, circa 668 sq ft
A practical first-floor apartment in central Peterlee offering two double bedrooms, a large lounge and functional kitchen. The property benefits from gas central heating, double glazing and an average internal layout across approximately 668 sq ft — a straightforward option for landlords or buyers seeking a modest home near local amenities and transport links.
The block is a 1960s modernist build with an externally dated appearance and communal entrance. The interior is serviceable but shows signs of age: the bathroom and finishes are basic and would benefit from updating. The flat is leasehold (99 years remaining) with a low ground rent (£10), EPC rating D and council tax band A.
This lot will be sold at auction and is offered with no onward chain. It has clear buy-to-let potential with an estimated rent of £495 pcm and an attractive guide price, but note the property sits in a very deprived area with above-average local crime rates. The sale follows a public notice/repossession, so purchasers should allow for auction timescales and carry out full due diligence prior to bidding.
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