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

18 Ashton Street, Peterlee, SR8 3QQ - 3 months ago
  1. Deal Search
  2. Peterlee
  3. SR8
  4. SR8 3QQ
BTL
62 m²

ValuationUndervalued

This may not be accurate, please check manually.

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Links

  • More Deals in Peterlee
  • More Deals in SR8
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Property History

Listed for £35,000

October 2, 2025

Description

  • 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.

Agent Details

Progression Property, Middlesbrough

01642 056899

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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Cashflows

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