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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
Price History
Initial price | £90,000 |
23/10/24 | £80,000 |
Price Change | -11.11% |
Description
This unique property presents an exceptional investment opportunity, offering multiple income streams and immense potential for growth. The property, previously a mixed commercial/residential space, is now fully residential and has been rented out as a flat, shop, and garage/workshop, generating a potential rental income of £1400pcm. With ideal HMO potential, the property could be converted into a 5-6 bedroom home, achieving an income of £1750-£2400pcm. The property features a spacious reception room, kitchen, and bathroom on the ground floor, with two double bedrooms and a loft room on the first floor. The exterior includes a large garage/storage/workshop unit with hot and cold plumbing, roller shutter, and security doors. With the right permissions, the property can generate three separate rental incomes, making it an attractive prospect for investors seeking a reliable source of income. Located in Easington Colliery, the property is strategically situated near the A19 and Peterlee, making it an attractive choice for tenants or future buyers.