Peterlee, SR8 3LT | Investment Property for Sale | VES-SR8-001

Opportunity to purchase a terraced house in Peterlee generating £5,400 rent pa & gross yield of 9%

£60,000

Terraced House

VES-SR8-001

INITIAL INVESTMENT

£19,300

Based on

deposit: £15,000

stamp duty: £1,800

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£5,400

GROSS YIELD

9.0%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

3 bedrooms

1 bathroom

1 reception room

833

Unfurnished

Property information

  • Spread over 2 floors
  • Kitchen, living room and bathroom located on the ground floor
  • All bedrooms are located on the first floor
  • Comes with front and rear gardens
  • EPC rating C
  • Monthly rental income £450

Location information

  • The property is located in Easington, Peterlee
  • Within walking distance of the centre with its shops, post office, gym and pubs and restaurants
  • Durham Heritage Coast is under a mile from the property

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Peterlee, North East

Peterlee is a small town in County Durham and has economic and community ties with Sunderland, Hartlepool and Durham. The town lies 13.5 miles west of Durham, 13.5 miles south of Sunderland and approximately 24 miles south-east of Newcastle, making this an ideal commuter town.

Peterlee is set amongst a stunning local environment, built on rolling hills overlooking the Durham limestone coast to the east and is surrounded by rural farmland to the north, west and south. You can find some outstanding areas of natural beauty in Peterlee including the stunning Castle Eden Dene, the largest area of semi-natural woodland in north-east England.

For families seeking a variety of education establishments, Peterlee offers a number of schools, such as Acre Rigg Infant School, Sea Scape Primary School, Dene Communtiy School, East Durham Sixth Form to name a few.

There are many SME employers in Peterlee such as LEC Consultancy, Business Durham, Eden Farm, Goodfellow & Goodfellow Ltd, Nalco and Peterlee Glass.

Thomas Street,

Peterlee,

County Durham,

England,

SR8 3LT

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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