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Property Listing Details

Property details

  • 2 bedrooms
  • 1 bathroom
  • 1 reception room

Listing view statistics

Last 30 days: 4 page views

Since listed: 862 page views

Description

This fantastic semi-detached house is offered unfurnished and comprises of a spacious living room which includes 2 large windows, allowing for lots of natural light; a fitted kitchen with plenty of worktop and storage space; 2 generously sized double bedrooms; and a bathroom with a bath, shower and sink and a separate room for the toilet. This property also benefits from a large driveway and a huge back garden which boasts amazing views of the surrounding fields.

This property is located in the small town of Peterlee in County Durham. Residents of Peterlee are spoilt for choice when it comes to travelling to nearby cities with Durham, Sunderland and Middlesbrough only a 30 minute drive away and Newcastle only 45 minutes away, meaning that this property would be perfect for commuters into any of these places. For those who prefer a quiet day away from the hustle and bustle of a city, the Durham Heritage Coast is only a 5 minute drive away from this property, offering incredible views of the coastline and North Sea as well as a picturesque coastal footpath to enjoy.

Durham has been named as a buy to let hotspot as house prices have been consistently slightly lower than median prices for the North East, which are well below those for England as a whole. Overall, prices have increased from £47,500 in 2000 to £100,000 in 2015, an increase of 111% which continues to grow. House prices are continuing to rise in the area and have seen an increase of 12% alone in the most recent times (Zoopla – October 2018) making for a great investment opportunity.

Financial Breakdown

Gross rent: £5,280
Ground rent: £0
Service charge: £0
Lettings fees: £760
Net income: £4,520
Gross yield: 9.1%
Net yield: 7.79%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-13452

You could get

Superfast broadband Superfast broadband

Up to 40 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Seaham 3.7 miles
  • Hartlepool 8.4 miles
  • Easington Colliery Primary School 0.3 miles
  • Hope Wood Academy 0.5 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Seaham 3.7 miles
  • Hartlepool 8.4 miles
  • Easington Colliery Primary School 0.3 miles
  • Hope Wood Academy 0.5 miles

Market stats

Sale activity

Average estimated value for a house in SR8:

  • £98,675
  • Price increase

  • £4,700
  • (5.001%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £95,073
  • Properties sold

    86

Rental opportunities

Looking for an investment? The average rent for a 2 bedroom house in SR8 is currently:

£390 pcm

Recent sales nearby

    • 30th Aug 2019

    • Terraced house

    • 21st Aug 2019

    • Semi-detached house 2 Bedrooms

    • 23rd May 2019

    • Semi-detached house

See all recent sales in SR8
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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Your home or property may be repossessed if you do not keep up repayments on your mortgage.

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Developer

Price history

Sold prices provided by Land Registry
15th May 2019 £65,000 First listed
13th Sep 2013 £56,950 Last sold

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Property descriptions and related information displayed on this page are marketing materials provided by Yieldit. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Yieldit for full details and further information.