Summary -
1 Argent Street,PETERLEE,SR8 3QA
SR8 3QA
3 bed 1 bath End of Terrace
Low-entry town-centre fixer offering strong rental interest for hands-on buyers.
Vacant 3-bed end-terrace with small front and rear gardens
Freehold title; traditional two-storey Victorian brick property
Needs modernisation throughout, dated kitchen and internal upgrades
Potential rent estimated at c. £555pcm (Let Property pack available)
Street parking only; no off-street parking or large outdoor space
Immediate area: very deprived with very high crime rates
Likely to attract investor and developer interest at this price
Buyers premium applies on sale; factor additional purchase costs
This vacant three-bedroom end-of-terrace is offered freehold in Peterlee town centre and is aimed squarely at investors or developers. The property has straightforward layout with lounge, kitchen, bathroom and small front and rear gardens, set over two storeys with traditional brick Victorian frontage.
The house requires modernisation throughout — the kitchen is dated and the interior will need updating to achieve market rents or resale values. Street parking only and a small plot limit outdoor expansion, but the property’s vacancy and low purchase price allow for a rapid renovation or refurbishment programme.
Location factors are material: the immediate area is very deprived with very high crime levels and challenged local demographics. These issues suppress values but also create demand for affordable rented homes, and the property is marketed with an anticipated rent of approximately £555pcm (Let Property pack available). Buyers should factor in management, security and possible void costs.
This opportunity suits a hands-on investor or small developer seeking a low-entry purchase to refurbish and re-let or resell. Full due diligence is essential; any buyer should review the Let Property pack, local area data and budget for remedial works and security measures.
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