Lancaster Hill, Peterlee, Durham, SR8 2EH
PA

Lancaster Hill, Peterlee, Durham, SR8 2EH

By Pattinson Estate Agents

£ 60,000

Reviews

2 out of 5 stars

Pattinson Estate Agents says ..

TENANTED INVESTMENT .. £525pcm RENTAL INCOME .. 9.7% YIELD .. PROPERTY/TENANT FULLY MANAGED BY PATTINSON. Sold via online auction. Two bedroom mid terraced property situated on Lancaster Hill in the popular area of Peterlee. Sold with as a tenanted investment, £525pcm rental ...

Property Oracle says ..

This two-bedroom terraced house in Peterlee, County Durham, is marketed as a tenanted investment property. The listing price is £60,000, with a reported rental income of £525 per month. The property’s location is reasonably convenient, with several well-regarded primary and secondary schools within a short distance. The property itself is in fair condition, and while it does have some modern features, it could benefit from some renovations or upgrading to fully enhance its appeal. The kitchen is functional but may be deemed outdated by some buyers. The property has a small paved garden area at the rear. In terms of price, the listing is within a relatively reasonable range for similar properties in the immediate vicinity, although more detailed square-footage data on comparable properties would make it easier to provide a definitive assessment of value for money. Given the property’s status as a tenanted investment, potential buyers should undertake thorough due diligence on tenant status and rental agreements before committing to a purchase.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
5
Location
6
Land
2
Bedrooms
2
Bathrooms
1
Sqft (est)
658.75

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
211,000.00 £
Increased by 2.49 %
from 205,865.00 £
Est sale value
181,815.00 £
Increased by 14.52 %
from 158,758.75 £
Average area rental value
961.00 £/mo
Decreased by 14.43 %
from 1,123.00 £/mo
Est letting value
658.75 £/mo
Unchanged by 0.00 %
from 658.75 £/mo
Est rental Yield
5.47 %
Decreased by 16.49 %
from 6.55 %
Crime Rate
10.00 %
Unchanged by 0.00 %
from 10.00 %

Agent Activity

  • Pattinson Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
Acre Rigg Infant SchoolCommunity SchoolGood0.78 KM
Acre Rigg AcademyAcademy Sponsor LedGood0.79 KM
Howletch Lane Primary SchoolCommunity SchoolGood0.99 KM
East Durham CollegeFurther EducationGood1.04 KM
Endeavour Academy DurhamFree Schools Alternative ProvisionGood1.04 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Mitchell Close £ 174,95000.00 KM
Northampton Road £ 000.00 KM
White House Way £ 000.00 KM
Little Thorpe £ 550,00000.00 KM
South Side £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Seaham7814SEA8.02 KM

Nearby Listings

AddressPriceTypeScoreDistance
Lancaster Hill, Peterlee, Durham, SR8 2EH £ 60,000BUY5 / 100.00 KM
Chester Place, Peterlee, County Durham, SR8 2EJ £ 89,950BUY6 / 100.08 KM
85 Westmorland Rise, Peterlee, County Durham, SR8 2ER £ 5,000BUY5 / 100.08 KM
Lancaster Hill, Peterlee, SR8 £ 65,000BUY4 / 100.16 KM
117 Lancaster Hill, Peterlee, County Durham, SR8 2EQ £ 5,000BUY6 / 100.20 KM

Nearby Properties

AddressPriceDistance
49 Lancaster Hill £ 52,0000.00 KM
52 Lancaster Hill £ 54,0000.00 KM
48 Lancaster Hill £ 56,0000.02 KM
46 Lancaster Hill £ 30,0000.02 KM
42 Lancaster Hill £ 44,5000.02 KM