Easington Street, Peterlee
- PROPERTY TYPE
Terraced
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Tenanted Investment Opportunity
This spacious 2-bedroom mid-terrace home at Easington Street, Peterlee, SR8 3LD, offers a fantastic investment opportunity with a long-term tenant in situ. Priced at OIEO £55,000, this freehold property is available as part of a package deal with a second house in the area, on Baldwin Street.
Property Overview
Well-maintained throughout, this home benefits from 731 sq ft (68 m²) of internal space.
Central heating system with a Baxi Main boiler
Tenanted since 2016, currently paying £400 PCM, with scope for an increase to circa £450 PCM, reflecting local market trends.
EPC Rating: C (73), with potential to improve to B (89).
For Investors
This property presents a strong buy-to-let investment, with:
A stable long-term tenant, ensuring immediate rental income.
An estimated gross yield of approximately 8.7% at the current rent and 9.8% at market rent (£450 PCM).
Steady house price growth in Peterlee, with average property values in County Durham increasing by 7.8% annually (ONS Data).
Strong local rental demand, with average rents in County Durham rising 9.2% year-on-year, reaching £586 PCM in January 2025.
Transport Links
Road Access: The A19 provides easy routes to Sunderland (12 miles) and Middlesbrough (20 miles).
Public Transport: Regular bus services connecting Peterlee with nearby towns.
Rail Travel: Horden train station (1.5 miles away) offers services to Newcastle, Sunderland, and Hartlepool.
Air Travel: Newcastle International Airport is approximately 30 miles away, providing domestic and international flights.
General Data
Council Tax Band: A (£1,547.02 for 2024/2025).
Tenure: Freehold.
Internal Floor Space: 731 sq ft (68 m²).
Year Built: 1900-1929.
Heating: Gas central heating (Baxi Main boiler).
Parking: On-street parking available.
Flood & Coastal Erosion Risk: Very low risk.
This tenanted property provides an immediate income stream, making it a great option for investors looking to expand their portfolio. Contact us today to arrange a viewing or for any further information.
Brochures
Full Details- 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
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Easington Street, Peterlee
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