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3 bed property, in Welland Close, £64,000
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3 bed semi-detached house

Welland Close, Peterlee SR8
Auction
£64,000
-1.5%

Price History

Initial price £65,000
May 27, 2026 £64,000
Price Change -1.5%

Our Summary

  • Summary To be sold via auction tenanted sale An excellent investment opportunity to acquire this well-presented three-bedroom semi-detached home, currently tenanted and achieving 527 pcm (6,324 per annum), offering an impressive 8
  • Council Tax Band: A Tenure: Freehold Auctioneers Additional Comments Pattinson Auction are referred to below as The Auctioneer
  • This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer
  • The property is being sold via a transparent online auction
  • An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction

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Description

A three-bedroom semi-detached home with double glazing and gas central heating, situated on a freehold tenure with Council Tax Band A, currently tenanted and generating £527 PCM (£6,324 per annum), offering an impressive 8.4% annual rental yield. The property features an entrance hallway, spacious family/dining room, well-proportioned kitchen, third bedroom, two double bedrooms, and a family bathroom. It also has a side garden and is managed by a letting agent.