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2 bedroom terraced house for sale
85 Westmorland Rise, Peterlee, County Durham, SR8 2ER
£5,000
85 Westmorland Rise, Peterlee, County Durham, SR8 2ER
£5,000
Price History
Initial price | £30,000 |
05/07/25 | £5,000 |
Price Change | -83.33% |
Description
This is an investment opportunity to purchase a 2-bedroom mid-terrace house located in Peterlee, SR8 2ER, with a tenant already in situ. The property is being sold by unconditional online auction on July 30th, 2025, with registration open and bidding opening at 10:00 and closing at 12:55. The property is a freehold and is let, offering a potential gross yield and potential for capital growth. The buyer can choose from various investment strategies, including buy-to-let, HMO, serviced accommodation, or flipping the property for a profit. The property is close to key transport links, shops, and amenities, and the seller is offering a full legal pack for a quick purchase with completion in as little as 28 days. With its growing rental market and strong potential for long-term appreciation, this property presents a secure investment opportunity for those looking to add to their portfolio.