Dixon Rise, Horden, Peterlee, SR8

3 bedroom Terraced House in Peterlee

For Sale
Offers Over £90,000
Current Yield 6.7 %
Potential Yield 8.3 %
Property Reference: 211096418
  • Terraced House
  • 3 Bedrooms
  • 2 Bathrooms
  • 1 Receptions
  • 125 sqm

Property Features

Property Features

  • Buy-to-Let Opportunity
  • Long Term Tenants Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers
  • 3 Bedrooms
  • Three Piece Bathroom and WC
  • Storage Room
  • Porch
  • Rear Garden Space
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Property Information

Full Details

This is a 3-bedroom terrace house in Peterlee. With valuable amenities in close proximity, rewarding rental returns and a tenant currently situated, this is a fantastic opportunity for investors looking to expand their portfolio!

The well-kept home features 3 bedrooms, three-piece bathroom and wc, lounge, kitchen, storage room, porch and rear garden space.

Investment Details

It currently produces an annual gross income of £6,000 which could be increased by the new owner to a market rate of £7,500 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property and consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Helpful Information

Property Reference: 211096418

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: £500
  • Potential Rent pcm: £625
  • Tenancy Agreement in place: YES
  • Tenancy Compliance in place: YES
  • Current Term of Tenancy: 8 years+
  • Tenants means of funding: Employment
Property Reference: 211096418
Property Reference: 211096418

Property Location

Similar Properties

  • David Street
    Grimsby
    Offers Over £85,000
    • 3
    • 1
    • 1
    Terraced House
    Current Yield: 5.9%
    Potential Yield: 7.1%
    View Property
  • Linden Street
    Mansfield
    Offers Over £110,000
    • 3
    • 2
    • 1
    Terraced House
    Current Yield: 6.1%
    Potential Yield: 8.2%
    View Property
  • Tunbridge Street
    Preston
    Offers Over £87,500
    • 3
    • 1
    • 1
    Terraced House
    Current Yield: 7.7%
    Potential Yield: 9.1%
    View Property
  • Phyllis Avenue
    Grimsby
    Offers Over £100,000
    • 3
    • 1
    • 1
    Terraced House
    Current Yield: 4.8%
    Potential Yield: 6.1%
    View Property

Request DetailsDixon Rise, Horden, Peterlee, SR8

Offers Over £90,000

Make an offer
Dixon Rise, Horden, Peterlee, SR8

Listing Price

Offers Over £90,000

Disclaimer
All offers are submitted to the seller for approval. On acceptance of your offer you will be required to instruct a solicitor for Legal Acceptance of your offer. A fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion. Terms and payment details will be provided upon verbal acceptance of your offer.