Office Street, Peterlee, Durham, SR8 3QW
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- 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
Key features
- Turnkey investment opportunity
- Sold with sitting tenant only
- Rental income of £560 PCM
- Long-term family tenant (circa 11 years)
- No rent arrears or missed payments
- Well maintained property throughout
- Strong, proven rental demand location
Description
Pattinson Estate Agents are pleased to present to the sales market this excellent turnkey investment opportunity, situated on the rarely available Office Street in Easington, County Durham.
Sold with a sitting tenant only, the property generates an immediate rental income of £560 PCM, equating to an attractive 6.7% annual rental yield. The property benefits from a long-standing family tenant of approximately 11 years, with a flawless payment history—no rent arrears or missed payments—providing a secure and dependable income stream from completion.
This is a true hands-off investment, with the property having been exceptionally well cared for by the current tenants, offering landlords peace of mind and minimal ongoing input.
Positioned in a desirable coastal setting, the property enjoys sea views and is within walking distance of Easington Beach and the scenic Hawthorn Dene, supporting strong and consistent tenant demand.
Forming part of a rare-to-market terrace of larger-style homes, the property offers generous room proportions throughout, making it particularly appealing within the rental market.
Internally, the accommodation comprises an entrance hallway leading to two spacious reception rooms, offering flexible living space. The kitchen is fitted with a range of units, providing ample storage and worktop space.
To the first floor, there are three well-proportioned bedrooms along with a family bathroom featuring a bath with overhead shower, wash basin, and WC.
Externally, the property benefits from a larger-than-average front garden, mainly laid to lawn with a seating area, as well as a fully enclosed rear yard with outhouse, enhancing practicality for tenants.
Well positioned for access to local amenities and transport links, this property represents a low-risk, income-producing asset with a proven tenancy already in place.
Early enquiry is highly recommended to secure this stable, well-maintained, and income-generating addition to any investment portfolio.
Council Tax Band: A
Tenure: Freehold
Brochures
Brochure- 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.
- Driveway
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Office Street, Peterlee, Durham, SR8 3QW
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Visit our security centre to find out moreDisclaimer - Property reference 506696. 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 Pattinson Estate Agents, Peterlee. 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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