3 bedroom terraced house for sale

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3 bedroom terraced house for sale

Twelfth Street, Peterlee, County Durham, SR8
£66,000

Price History

Initial price £70,000
29/11/24 £65,000
14/12/24 £63,000
20/12/24 £70,000
03/01/25 £68,000
10/01/25 £66,000
Price Change -5.71%

Description

This 3-bedroom terrace house in Peterlee is a fantastic investment opportunity for those looking to expand their portfolio. The well-maintained property features three bedrooms, a three-piece bathroom, spacious lounge, kitchen, and rear garden space. Currently, it produces an annual gross income of £6,000, which could be increased to £6,600 with the new owner, making it a worthwhile addition to an investor's portfolio. The current tenants have been paying rent consistently and have no intention of moving out, providing a stable source of income. With its valuable amenities nearby and rewarding rental returns, this property is an attractive option for investors looking to capitalize on the local market.