Easington Street

Well-Presented 2-Bedroom Terraced House in Peterlee For Sale. This freehold property is available as part of a package deal with a second house in the area, on Baldwin Street. The price for the pair is OIEO £110,000. 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.