Summary - 114 SEVENTH STREET PETERLEE SR8 4JQ
2 bed 1 bath End of Terrace
Affordable investment with immediate refurbishment potential near transport links.
Potential rental income £495 pcm (advertised) giving over 14% yield potential
This two-bedroom end-terrace on Seventh Street offers a clear, high-yield buy-to-let prospect in Peterlee. With an advertised potential rent of £495 pcm and a price reflecting significant uplift potential, the property suits investors seeking immediate income and value-add refurbishment opportunities. It is sold freehold with no onward chain, enabling a faster transaction.
Accommodation includes a spacious front lounge, dining kitchen, two first-floor bedrooms and a white three-piece bathroom. The house benefits from mains gas central heating, double glazing and a westerly-facing enclosed rear yard with gated access. On-street parking is available to the front and local amenities, schools and the railway station are within walking distance.
The property is vacant and shows clear signs of wear: boarded windows/doors and a need for modernization throughout. The area records high crime and very high deprivation, which will affect tenant demand and long-term capital growth. EPC rating D and Council Tax Band A are notable positives for running costs.
Investors should factor in refurbishment costs and tenancy risk given the local profile. The sale includes a public notice of an existing offer and the property may be subject to repossession procedures, so prospective buyers should carry out full due diligence and view the legal pack prior to making offers.
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