Summary - 60, Seventh Street, PETERLEE SR8 4LX
2 bed 1 bath Terraced
**Standout Features:**
- Buy-to-let opportunity with a long-term tenant in place
- 2 spacious bedrooms in a modern, well-kept terraced house
- Modern kitchen and roomy lounge for comfort
- Current annual gross income of £5,400 with potential to increase to £7,140
- Freehold tenure, enhancing investment security
- Excellent mobile signal and fast broadband
**Potential Downsides:**
- Property is situated in a high-crime area
- Some renovation needed, including potential damp issues
- Located in an area classified as ‘very deprived’
This charming 2-bedroom mid-terraced house in Horden, Peterlee, presents a unique opportunity for serious investors looking to capitalize on a steady rental income with immediate cash flow. Currently tenanted with reliable long-term occupants, this property generates an annual gross income of £5,400, with the market rate suggesting a potential increase to £7,140 depending on future tenant arrangements.
The home features a modern kitchen and a spacious lounge inviting a cozy family atmosphere, while its Victorian-style exterior adds a touch of character and warmth. There is room for renovation, enhancing both living space and investment value — a perfect project for those looking to elevate their portfolio.
Although situated in a high-crime area and showing signs of required maintenance, the property's overall condition is manageable. With freehold status ensuring long-term ownership flexibility, don't miss this rare chance to invest in a property that could secure your financial future. Act fast, as opportunities like this won’t last long!
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