Summary - 6 Heath Close SR8 5RY
3 bed 1 bath Terraced
Three-bedroom mid-terrace with garage and garden, sold at online auction.
Immediate rental income: tenant paying £550 PCM
A mid-terrace three-bedroom house in Heath Close offering an immediate income stream and clear refurbishment potential. Currently tenanted at £550 pcm, the property suits an investor looking for a let-and-improve opportunity in Peterlee.
Set over two storeys, the layout includes lounge, kitchen/dining, three bedrooms, bathroom, private rear garden and a separate garage. The home has mains gas central heating, double glazing (installed before 2002) and cavity walls. Finished floor area is approximately 990 sq ft with a small plot and average-sized rooms.
This will be sold at online auction (fees apply) — buyers should factor in auction charges and the existing tenancy when planning timelines. The area is classed as very deprived with endeavouring social renters; that brings both affordable entry and potential management considerations. Council Tax Band A keeps running costs low.
The property requires maintenance and some updating; it is marketed as an investment/refurbishment opportunity rather than a turnkey family home. For investors, the current rent provides immediate yield, but prospective buyers should review tenancy terms, factor in repair costs and allow time for any rental reletting or refurbishment works.
3 bedroom detached house for sale in Westmorland Rise, Peterlee, Durham, SR8 2EX, SR8 — £69,950 • 3 bed • 1 bath • 958 ft²
2 bedroom semi-detached house for sale in Basingstoke Road, Peterlee, Durham, SR8 2AW, SR8 — £56,000 • 2 bed • 1 bath • 840 ft²
3 bedroom house for sale in Adrian Place, Peterlee, England, SR8 — £60,000 • 3 bed • 1 bath
2 bedroom semi-detached house for sale in South Crescent, Peterlee, SR8 — £60,000 • 2 bed • 1 bath • 689 ft²
3 bedroom end of terrace house for sale in Grant Street, Horden, Peterlee, Durham, SR8 4BZ, SR8 — £65,000 • 3 bed • 1 bath • 744 ft²
3 bedroom terraced house for sale in Cheviot Place, Peterlee, County Durham, SR8 — £55,000 • 3 bed • 1 bath
