For sale by online auction -.
Online Auction Bidding for this property closes on 18th March 2026 at 11:35 am. Open to prior-auction offers - Interested parties are invited to register via our website to bid.
Investment Opportunity Freehold Four Bedroom Semi-Detached Property - Current Rental Income: £7,800 per annum
An excellent opportunity to acquire a freehold three-bedroom semi-detached property currently let at £650 per calendar month (£7,800 per annum) on an Assured Shorthold Tenancy, offering immediate income from completion.
Situated in the popular residential area of Peterlee, the property is conveniently located close to a range of local shops, schools, hospital and everyday amenities, making it attractive to long-term tenants.
The accommodation is well laid out and briefly comprises:
Ground Floor
Reception Room
Living Room
W/C
Kitchen
First Floor
Four Bedrooms
Family Bathroom
Externally, the property benefits from a front and rear gardens, providing additional outdoor space for tenants.
Further features include:
Gas-fired central heating, UPVC double-glazed windows
Freehold tenure
EPC Rating: D
Investment Highlights
Established rental income of £7,800 per annum
Currently tenanted income from day one
Strong rental demand location
28-day completion
The property is sold subject to the existing Assured Shorthold Tenancy. Please refer to the legal pack for full tenancy details.
Common Auction Conditions
This property is sold subject to our Common Auction Conditions (a copy is available on our website).
Buyers Administration Fee
The purchaser will be required to pay an administration fee of £1,800 inc VAT, whether the property is bought before, on, or after the auction date.
Legal Pack
Purchasing a property at auction is a firm legal commitment equivalent to signing a contract by private treaty. Prospective buyers must consult with their legal adviser before bidding.
The legal pack can be viewed online via our website.
At the time of going to print, the Auctioneers were unable to inspect the property internally; therefore, the accommodation details should not be relied upon.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price, which will be within +10% of the Guide Price. The Guide Price is provided solely to help buyers decide whether to pursue their interest.