Easington Street, Peterlee

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.