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3 bed property, in Cotsford Park Estate, £59,000
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3 bed terraced house

Cotsford Park Estate, Peterlee SR8
Auction
£59,000
-15.7%

Price History

Initial price £70,000
May 27, 2026 £69,000
Jun 24, 2026 £59,000
Price Change -15.7%

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 600 pcm (7,200 per annum), offering an impressive 10
  • 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

This is a tenanted three-bedroom semi-detached home being sold via auction, offering a lucrative investment opportunity with a 10.3% annual rental yield. The property is currently generating £600 PCM (£7,200 per annum) and is managed by a letting agent, making it a hassle-free investment for buyers. The property features double glazing and gas central heating, and offers comfortable accommodation throughout, including a lounge, dining area, kitchen, and three bedrooms.

The exterior includes a rear garden laid mainly to lawn and a front garden providing a pleasant outdoor space. With a council tax band of A and a freehold tenure, this is a superb ready-made investment opportunity that is sure to attract significant interest, making early viewing highly recommended.