Tenth Street, Peterlee

This two-bedroom, one-bathroom terraced home offers a solid opportunity for anyone looking to invest or add to their portfolio. Keep reading to see what makes this property a great option.

Investment Potential:

This property can be transformed into a long-term rental home offering an attractive yield of around 13%. It is ready for the rental market, with an estimated rental income of £425 pcm.

Prime Location close to Castle Dene Shopping Centre:

This property is ideally situated just a five-minute drive from Castle Dene Shopping Centre, giving you quick access to essential shops and amenities. The closest train station is Horden, only a 3-minute drive or 9-minute walk, making it perfect for commuting to surrounding areas or further afield. You're also just a 5-minute drive from Horden Beach, offering a lovely coastal spot to enjoy in your free time. Finally, the property sits within easy reach of the A19, providing excellent transport links for commuting to nearby towns such as Peterlee, Seaham, Sunderland, and Newcastle.

Energy Efficient Living - EPC Rated C:

Enjoy lower energy bills and improved efficiency with this property's excellent EPC rating of C, offering both environmental benefits and potential savings for the homeowner or tenant.

Downstairs you are greeted by a small entrance area, leading to a cosy living room that features alcoves in the wall, perfect for providing space for storage or shelves. The property also benefits from new carpets throughout.

To the rear is the kitchen, providing ample cabinetry and space for under counter appliances. The kitchen also has space to create a small breakfast bar area. The boiler, placed in the kitchen, is also fairly new, being only a few years old. The rear door leads out to the enclosed yard space that also features an outhouse shed, which can be used for extra storage.

You also have one family bathroom on the first floor, complete with a bath and an overhead shower.

Upstairs there are two bedrooms, one double room and one single room, both benefitting from the new carpets.

Externally you have on-street parking to the front of the property. There has also been a new roof fitted on this property.

This property is ideally located just a five-minute drive from Castle Dene Shopping Centre, giving easy access to everyday amenities. It also sits close to the A19, providing excellent transport links for commuters, allowing straightforward travel to nearby towns such as Peterlee, Seaham, Sunderland, and even Newcastle. The closest train station is Horden, only a 3-minute drive or a 9-minute walk, making it perfect for commuting further afield. You're also just a 5-minute drive from Horden Beach, offering a scenic coastal spot to enjoy in your downtime.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Council Tax Band: A (Durham County Council)
Tenure: Freehold