2 bedroom terraced house for sale

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2 bedroom terraced house for sale

Seventh Street, Peterlee, SR8
£45,000

Our Summary

  • For greater detail on this property's investment potential, please see the Let Property Pack linked below
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Description

This 2-bedroom mid-terrace house in Peterlee is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a modern kitchen, spacious lounge, and two bedrooms. Currently, it produces an annual gross income of £5,400, which could be increased to £7,140 with long-term tenants already situated. The tenants have been living in the property for several years and have consistently paid their rent, with no intention to move out. With a competitive purchase price, this property offers a worthwhile addition to an investor's portfolio, and the current tenants' stability ensures a smooth transition for the new owner.