3 bedroom terraced house for sale

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3 bedroom terraced house for sale

Ninth Street, Horden, Peterlee, Durham, SR8 4LZ
£50,000

Our Summary

  • Ideally located close to a range of local amenities, this property offers strong rental potential and a valuable addition to any investment portfolio
  • The property is generating a gross rental income of £400 per calendar month (£5,200 per annum), with the potential to increase to the current market rate of approximately £5,850 per annum
  • Investment Opportunity

Description

This attractive investment property is a well-maintained three-bedroom mid-terrace house in Peterlee, located near local amenities. The property is currently tenanted by reliable long-term occupants, providing immediate rental income with minimal effort required from the new owner. The property generates a gross rental income of £400 per month, with the potential to increase to £5,850 per annum. The current tenants have been in the property since the start of the year and have expressed a desire to remain long-term, offering stability and peace of mind for investors. This property offers excellent value, dependable income, and a hassle-free management experience, making it an ideal investment opportunity for those looking to grow their portfolio or enter the buy-to-let market.