Summary - 27 NOBLE STREET PETERLEE SR8 3LX
2 bed 1 bath Terraced
Low‑cost, tenancy-in-place opportunity with immediate rental income potential.
Freehold Victorian mid-terrace with two bedrooms and one bathroom
A two-bedroom Victorian mid-terrace offered freehold and currently let at £500 per month. Priced at £9,000 and selling at auction, this property is positioned for buyers comfortable with off-market, auction-style purchases and quick decision-making.
Internally the seller-provided description indicates small rooms, standard ceiling heights, and signs of damp and mould in a bedroom; the property requires updating and likely remedial works. No internal inspection has been possible due to tenant access restrictions, so all purchasers must rely on the legal pack and their own investigations before bidding.
The house has basic external space in the form of a small garden and on-street parking. The surrounding area is classified as deprived with above-average crime and blue-collar terraces, which affects long‑term demand and highlights the importance of verifying rental prospects and repair costs.
For an investor or cash buyer prepared to manage refurbishment and tenant access, the low entry price and existing tenancy present a chance to achieve a high gross yield. However, buyers should factor in potential repairs, legal risks from no internal inspection, and the local market context before making an offer.
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