Summary - 20 BYRON STREET PETERLEE SR8 3RX
2 bed 1 bath Terraced
Freehold period mid-terrace with immediate rental income and scope to improve.
Tenant in situ producing £475pcm (reported 9.4% gross yield)
A compact two-bedroom mid-terrace offered as a straightforward investment opportunity in Easington. The property is freehold, has an EPC rating of C and mains gas central heating, and currently produces a steady rental income of £475pcm from sitting tenants — a reported gross yield of about 9.4% at the asking price.
Accommodation is arranged over two storeys with a bright living room, fitted kitchen, two bedrooms and a bathroom. There is a small rear yard and on-street parking. The house dates from the 1930–1949 period and retains a traditional Victorian terraced brick façade with double glazing (installation date not specified).
Important considerations: the property is in a very deprived area with very high local crime statistics, which will affect tenant demand and future resale. It is sold with tenants in situ, so viewings and vacant possession require coordination. Some updating or refurbishment may increase capital value and rental prospects.
This is best suited to a hands-on investor seeking immediate income and scope to add value through modest improvement work. Local schools and basic amenities are nearby, and transport links are reasonable for a small town fringe location.
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