Basingstoke Road, Peterlee, County Durham

Hunters are pleased to offer for sale this two-bedroom home on Basingstoke Road, Peterlee, with an asking price of £69,995. Sold with a sitting tenant who has been in residence for nearly 10 years, the property currently achieves £450 pcm, representing an approximately 7.71% gross rental yield at the asking price. The current rent is below the estimated market rental value of £550 pcm, which would provide a potential 9.43% gross rental yield at the asking price, subject to an appropriate rent review.
The accommodation comprises an entrance hallway, a dual-aspect lounge and a separate fitted kitchen, with two bedrooms and a bathroom upstairs. The master bedroom features mirrored sliding-door wardrobes, while the bathroom includes a shower over the bath. An enclosed rear garden offers lawned areas, paved seating space and a brick-built outbuilding. An appealing investment opportunity with an established tenancy and potential to improve the rental return. Contact Hunters Peterlee to arrange a viewing.

Entrance Hallway - The entrance hallway provides a welcoming introduction to the property, with neutral walls, a radiator and a carpeted staircase rising to the first floor. Space beneath the stairs offers a useful area for everyday storage, helping to keep coats, shoes and other essentials conveniently close to the entrance.

Lounge - The lounge is an attractive reception room with windows at either end allowing natural light to flow through the space. Its elongated layout accommodates a range of seating arrangements, offering scope to create separate areas for relaxing and entertaining. Light wood-effect flooring complements the neutral décor, while a wall-mounted fire creates a focal point. The room provides a comfortable setting for everyday living, with space to personalise the layout around sofas, occasional furniture and a television unit.

Kitchen - The separate kitchen is fitted with a range of wood-effect wall and base units, complemented by contrasting dark work surfaces and tiled splashbacks. A stainless-steel sink and drainer sits beneath the window, bringing natural light into the preparation area. The photographed layout includes a cooker with an extractor above and space used for a tall fridge-freezer. Cupboards and drawers provide storage for cookware and household essentials, while patterned flooring adds a distinctive finishing touch.

Landing - The first-floor landing gives access to both bedrooms and the bathroom, keeping the sleeping accommodation together on the upper floor.

Master Bedroom - The master bedroom is a comfortable double room, with light decoration and carpeted flooring creating a restful setting. A notable feature is the bank of mirrored sliding-door wardrobes, which provides useful storage while reflecting light around the room. The room accommodates a double bed, with space for bedside furniture, making it a practical principal bedroom.

Second Bedroom - The second bedroom provides flexible additional accommodation, currently arranged as a child’s bedroom. Light walls and carpeted flooring give the room a simple, adaptable finish, while the window supplies natural light. Depending on a purchaser’s requirements, this room could also serve as a guest bedroom, nursery or dedicated home office.

Family Bathroom - The bathroom features a white three-piece suite comprising a panelled bath, pedestal wash basin and WC. A shower is positioned over the bath, with a glazed screen providing a practical arrangement for both bathing and showering. Dark tiling around the bath contrasts with the lighter walls and white sanitaryware, while patterned flooring completes the room. An obscured-glass window provides natural light and privacy.

Outside Space - To the front, the property overlooks a grassed area beside a pedestrian pathway, creating an open outlook from the house. At the rear, the enclosed garden offers a combination of lawn and paving, with a pathway extending towards the far boundary. A paved area beside the house provides space for outdoor seating, while the lawns offer scope for planting, play or simply enjoying the garden. Timber fencing defines the boundaries, and a brick-built outbuilding provides additional storage potential for gardening equipment and outdoor items.