3 bedroom terraced house for sale

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3 bedroom terraced house for sale

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 for seasoned investors or a growing family. Located in a prime area, the property has been previously rented out, generating a potential rental income of £1400pcm with a 16.42% yield. The property has the potential to be converted into a HMO, with an achievable income of £1750 to £2400pcm. The property features a spacious reception room, kitchen, and three bedrooms on the first floor, as well as a garage/storage/workshop unit at the rear. The property's strategic location ensures a steady demand for both residential and commercial spaces, making it an enticing prospect for investors seeking a reliable source of income. With the right permissions, the property can generate three separate rental incomes, making it an attractive choice for those looking to add a versatile income-generating property to their investment portfolio.