Summary - 30 SOUTH CRESCENT PETERLEE SR8 4AF
2 bed 1 bath Semi-Detached
Let property with immediate income and strong gross yield.
Two-bedroom semi-detached freehold, c. 689 sqft
A straightforward buy-to-let opportunity in Peterlee offering immediate rental income and simple management. The two-bedroom, semi‑detached freehold is let and currently produces a gross annual income of £5,400, equating to an approximate gross yield of around 9% at the £60,000 asking price — a clear attraction for yield-focused investors.
The home has a traditional layout: lounge, kitchen/diner, two bedrooms and a three-piece bathroom, plus private front and rear gardens and on-street parking. The property is of average overall size (c. 689 sqft), with good mobile signal and fast broadband — useful for tenant appeal and lettability.
Material considerations are straightforward: the area is very deprived and locally classified as a challenged community, which can affect demand, management and long-term capital growth. There is a tenant in situ who has paid reliably for a year and does not intend to vacate; any purchaser should review the Let Property Pack and tenancy details carefully. A buyer’s premium will be applied to secure the sale.
This is best suited to serious investors or developers seeking an addition to a rental portfolio or a property for modest refurbishment. It offers immediate cashflow and manageable running factors, but buyers should budget for ongoing management and be comfortable operating in a high-deprivation location.
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