Nesbit Road, Peterlee, Durham, SR8 5RA 2 bed flat for sale

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Nesbit Road, Peterlee, Durham, SR8 5RA 2 bed flat for sale

Nesbit Road, Peterlee, Durham, SR8 5RA
£35,000

Our Summary

  • To be sold via Online Auction

Description

This top-floor apartment in Peterlee is being sold via online auction and features two double bedrooms, a lounge with scenic views, a kitchen, and a bathroom. With double glazing and electric panel heating, it's a cozy and comfortable home. The property has the potential to generate a rental income of £450 per month, offering a 12.56% rental yield. Located near the town center and with easy access to the A19, it's a convenient spot for commuters. The property is leasehold, with a 110-year lease and an annual charge of £190, which includes ground rent, service charge, and buildings insurance. With an EPC rating of C and Council Tax Band A, this property offers a great opportunity for investors or first-time buyers.
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