2 bed flat for sale

30 Sledmere Close, Peterlee, County Durham SR8

For sale by online auction on Tuesday, 18 Nov 2025 ending at 13:10

Ready-Made Investment with Established Tenant – £400pcm Income from Day One

A spacious two-bedroom first floor flat – currently tenanted and producing £400 per calendar month – offering an attractive ready-made investment opportunity.

Situated in a popular residential area close to local shops, schools, and transport links, this well-proportioned flat provides generous living accommodation extending to approximately 64 sq. M (688 sq. Ft).

The property briefly comprises: Entrance hallway, spacious living room, kitchen, dining area, bathroom, and two well-sized bedrooms. Externally, there are shared garden areas to the front and surrounding communal spaces.

The flat is currently let to a well-established tenant at £400pcm, representing an immediate income stream for investors. The property offers excellent potential for capital growth and further uplift through refurbishment or redecoration in the future.

Accommodation (approximate measurements):

-Living Room: 3.6m x 4.4m

-Kitchen: 2.5m x 2.9m

-Dining Area: 2.6m x 2.0m

-Main Bedroom: 3.6m x 3.8m

-Bedroom 2: 3.6m x 2.6m

-Bathroom: 2.5m x 2.0m

EPC Rating: C

Council Tax Band: A (Durham County Council)

Tenure: Leasehold

Investment Notes:

-Currently let at £400 per calendar month / £4,800 per annum

-Tenanted by a long-standing and reliable occupant

-Offers strong rental yield potential with scope for further value enhancement

Auctioneer’s Note:

An ideal buy-to-let investment offering immediate income and long-term potential. Low-cost entry point in a high-demand rental area, with scope to improve and enhance value over time.Tenure: LeaseholdEPC Rating: C

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Additional Fees
Administration Charge - £3,600 inc vat payable upon the fall of the virtual gavel

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.