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3 bedroom terraced house for sale
Seaside Lane, Easington, Peterlee, Durham, SR8 3PF
£80,000
Seaside Lane, Easington, Peterlee, Durham, SR8 3PF
£80,000
Our Summary
- SOLD VIA ONLINE AUCTION; fees apply Welcome to this unique and versatile property that presents an exceptional investment opportunity for seasoned investors or a growing family, Situated in a prime location, this property, once a mixed commercial/residential space, is now classified as fully residential, offering the potential for multiple income streams
- Ideal HMO potential, 5/6 bedroom depending on planning permission and licencing, With an achievable income of £1750 to £2400pcm Property Overview: Ground Floor: An inviting entrance hall welcomes you into the property
- Investment Potential: This property holds immense investment potential
- Contact us today to schedule a viewing and explore the full potential of this property
Description
This unique property presents an exceptional investment opportunity for seasoned investors or a growing family. Located in a prime area, the property has been previously rented out, generating a potential rental income of £1400pcm with a 16.42% yield. The property has the potential to be converted into a HMO, with an achievable income of £1750 to £2400pcm. The property features a spacious reception room, kitchen, and three bedrooms on the first floor, as well as a garage/storage/workshop unit at the rear. The property's strategic location ensures a steady demand for both residential and commercial spaces, making it an enticing prospect for investors seeking a reliable source of income. With the right permissions, the property can generate three separate rental incomes, making it an attractive choice for those looking to add a versatile income-generating property to their investment portfolio.