Auction sale with immediate rental income and refurbishment potential.
Freehold two-bedroom semi-detached house
Set for sale by public auction, this two-bedroom semi-detached house in Peterlee is offered freehold with an existing assured shorthold tenancy. The property occupies a small plot within a post‑war street close to local shops, schools and the A19, and benefits from double glazing (fitted after 2002), mains gas central heating and good mobile and broadband connectivity.
Currently let at £595 pcm (£7,140 pa), the house may appeal to investors seeking immediate rental income and a straightforward asset to add to a portfolio. The EPC is rated D and the accommodation is basic but functional: reception room and kitchen on the ground floor, two bedrooms and a bathroom upstairs. Photos show a modern-style kitchen and standard room proportions.
Buyers should be aware this is a public auction sale (11th December, 12:00) and the area records high crime and very high deprivation, which will affect tenant demand and management needs. The exterior and roof show signs that roof maintenance and general upkeep will be required. The small garden and compact plot limit extension potential.
For someone prepared to manage tenant relations and carry out targeted maintenance, the property offers immediate income and refurbishment potential. It is best suited to investors or hands-on buyers who understand auction purchase conditions and the local market challenges.
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