Summary - 60 GRISEDALE ROAD PETERLEE SR8 5PQ
2 bed 1 bath Terraced
Auction lot: tenanted mid-terrace offering immediate income and refurbishment potential.
Sold with sitting tenant — immediate rental income
A two-bedroom mid-terrace offered freehold and sold at online auction with a sitting tenant in place. Priced at £5,000, the property provides immediate rental income and straightforward entry for an investor prepared for auction purchase conditions.
The house is in a very deprived area with high crime levels; these local issues depress capital values but support strong rental demand for affordable accommodation. The small front garden and interior are described as average and may require cosmetic updating or deeper refurbishment to lift rental value or enable resale.
This sale is unconditional on exchange at auction: a 10% deposit and buyer’s premium apply on the fall of the hammer, with legal pack details available. Useful practical strengths include no flooding risk, excellent mobile signal and fast broadband—important for lettings. Council tax is very cheap, reducing running costs.
Suitable for a buy-to-let investor or a small-scale refurb project, the lot suits buyers who can accept auction timing, tenancy-in-possession, and the neighbourhood trade-offs in return for a low entry price and immediate rental income.
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