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Seaside Lane, Easington Colliery, Peterlee, Durham, SR8

PROPERTY TYPE

Terraced

BEDROOMS

3

BATHROOMS

2

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • This property, now fully residential, offers three potential rental incomes: ground floor, first floor, and rear storage unit.
  • Located in Easington Colliery with excellent transport access and close to Peterlee, ensuring high tenant demand.
  • The property features a ground floor with a reception room, kitchen, and WC, and a first floor with a living kitchen, two bedrooms, bathroom, and a loft room.
  • A spacious rear garage/storage unit (11.8m x 6.0m) offers room for expansion or valuable storage. No onward chain simplifies the transaction.
  • EPC Rating: Awaiting

Description

Investment Opportunity: Versatile Residential Property with Income Potential
Welcome to this unique and versatile property that presents an exceptional investment opportunity for seasoned investors or a growing family, Situated in a prime location, this property, once a mixed commercial/residential space, is now classified as fully residential, offering the potential for multiple income streams. Property and shop is now rented out, Flat £600.00 pcm and Shop £300.00pcm. Tenants are happy to stay but can be sold without

Property Overview:
  • Location: Seaside Lane, Easington
  • Property Type: Residential
  • Price: £99,950
  • Listing Type: For Sale
  • No Onward Chain

Property Features:
Ground Floor:
  • An inviting entrance hall welcomes you into the property.
  • The spacious reception room, formerly a shop, provides ample space for various uses.
  • A well-equipped kitchen is ideal for meal preparation and dining.
  • A convenient ground floor WC adds to the property's practicality.

First Floor:
  • A generous living kitchen on the first floor offers an open-plan functional space.
  • Two comfortable bedrooms provide excellent accommodation options.
  • A modern bathroom ensures convenience and comfort.
  • An additional loft room provides flexibility for various purposes.

External Features:
  • A significant garage/storage unit at the rear of the property measures 11.8m x 6.0(max), offering ample space for storage with hot and cold running water, sink and extractor fan .

Investment Potential:
This property holds immense investment potential. With the right permissions, it can generate three separate rental incomes from the ground floor unit, first floor unit, and the spacious storage unit. 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.

Location:
The property is ideally located in Easington Colliery on a busy street. Its accessibility to the A19 and proximity to Peterlee make it an attractive choice for tenants or future buyers. Don't miss this golden opportunity to add a versatile income-generating property to your investment portfolio. Contact us today to schedule a viewing and explore the full potential of this property.

Room Dimensions:

GROUND FLOOR

Reception Room
9.0 x 5.0 (max)

Kitchen
5.3 x 3.5

FIRST FLOOR

Lounge/Kitchen
6.1 x 4.5 (max)

Bedroom
3.6 x 3.6

Bedroom
4.0 x 3.5

SECOND FLOOR

Landing Area
5.8 x 2.7

Loft Room
5.7 x 2.9

Water Meter
No

Council Tax Band
A

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

Band: A

Seaside Lane, Easington Colliery, Peterlee, Durham, SR8

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Horden Station1.9 miles
  • Seaham Station3.4 miles
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About the agent

Kimmitt and Roberts, Seaham

16 North Terrace Seaham SR7 7EU

Kimmitt and Roberts, Seaham

Kimmitt and Roberts were established in 1993 and are Seaham’s leading and longest serving Estate Agent. Our branch network now covers Sunderland South and East Durham - the heartland of the Kimmitt & Roberts families.

Our latest branch in Peterlee was opened in 2003, providing the high level of service for which the established network was noted.

We always put our customers first, regardless of whether you buy or sell, and we are always happy to answer any queries you may have ei

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Industry affiliations

National Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)Association of Residential Letting Agents

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Disclaimer - Property reference KMM_SHM_LFSYCL_725_910266437. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Kimmitt and Roberts, Seaham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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