2 Bed Terraced House, Cash/Bridging Only, Peterlee, SR8 3QQ £35,000

• VACANT POSSESSION +
• WILL BE SOLD AS SEEN +
• GAS CENTRAL HEATING +
• CURRENTLY IN DATE EPC RATING (PRE DAMAGE) - 'D' - 63/86 - DUE TO EXPIRE - 26TH MARCH 2027 +
• ** A BUYERS PREMIUM OF £2,000 + VAT IS PAYABLE ON THE SUCCESFUL EXCHANGE AND COMPLETION OF THIS PROPERTY - PLEASE CONSULT THE OFFICE FOR MORE INFORMATION ** +

A BUDDING PROJECT ANYONE WISHING TO TRANSFORM THIS TWO BEDRROOM TERRACED PROPERTY INTO A HIGH YIELDING BUY-TO-LET WITH AN EXPECTED MONTHLY RENTAL INCOME OF £450 - £550 PER CALENDAR MONTH DEPENDING ON THE SPECIFICATION. THE PROPERTY IS IN NEED OF REFURBISHMENT AND ISSUES REMEDYING HOWVER OFFERS GREAT SCOPE FOR A HANDS ON INVESTOR TO ADD AND CREATE VALUE.
A traditional two bedroom terraced property set within Easington, close to the coastline. The property is close to shops and amenities as well as larger locations including Seaham and Peterlee itself. There is always a ready demand of tenants in this locality reducing the threat of void periods. The property albeit in need of works the property will allow someone to refurbish with 5 out of the last 6 most recent sales (nethouseprices currently 9th May 2024 to 27th February 2025 - as of 2/10/25) achieving in excess of £50,000 on the same street.