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Ninth Street, Horden, Peterlee... 3 bed terraced house for sale
Ninth Street, Horden, Peterlee, Durham, SR8 4LZ
£50,000
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 three-bedroom mid-terrace property in Peterlee offers a strong investment opportunity with a reliable tenant already in place. The property is well-maintained and features three spacious bedrooms, a fitted kitchen, and a comfortable lounge. Currently generating a gross rental income of £400 per month (£5,200 per annum), it has the potential to increase to the current market rate of approximately £5,850 per annum. The tenants, who have been in the property since the start of the year, have expressed a desire to remain long-term, providing stability and peace of mind for investors. With its freehold tenure and council tax band A, this property offers excellent value, dependable income, and a hassle-free management experience, making it an attractive addition to any investment portfolio.