3 bedroom terraced house for sale

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3 bedroom terraced house for sale

Dixon Rise, Horden SR8
£78,000

Price History

Initial price £90,000
16/11/24 £80,000
22/11/24 £78,000
Price Change -13.33%

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 and wc, lounge, kitchen, storage room, porch, and rear garden space. Currently, it produces an annual gross income of £6,000, but with some renovations, the potential annual income could increase to £7,500. The property already has tenants in situ who have consistently paid their rent and have no plans to move out, making it a low-risk investment. With a valuable location and rewarding rental returns, this property is a worthwhile addition to any investor's portfolio.