Summary - 24 NOBLE STREET PETERLEE SR8 3LX
3 bed 1 bath Terraced
Tenanted auction lot with immediate rental income and refurbishment potential.
Freehold Victorian terrace with three bedrooms and small rear garden
A three-bedroom Victorian terrace on Noble Street offered as a tenanted freehold at auction. The property currently produces £500 pcm and is sold with the existing tenancy in place. The house retains period brickwork and a small rear garden, but requires modernization throughout.
No internal inspection was possible; all layout and condition information is seller-provided and unverified. Prospective buyers must rely on the legal pack and their own surveys. The property is offered as seen and carries the usual auction purchase risks.
This is a clear opportunity for an investor or experienced developer comfortable buying at auction. With refurbishment the house could increase rental income or be reconfigured, but the location is in a deprived area with above-average crime and modest local market demand.
Practical positives include freehold tenure, fast broadband, excellent mobile signal and on-street parking. Key next steps are to download the legal pack, confirm the tenancy details and arrange any specialist inspections before bidding.
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