Hunters says ..
Situated on Buckingham Road in Peterlee, this inviting first-floor flat presents an excellent opportunity for investors. Currently tenanted and achieving £495 per calendar month, this property offers immediate rental income, making it a superb turnkey investment. The flat itself boasts s...
Property Oracle says ..
This property is a two-bedroom flat located in Peterlee, County Durham. The property benefits from being close to local schools such as Acre Rigg Academy and Acre Rigg Infant School, both rated as ‘Good’ by Ofsted. The location is also convenient to East Durham College and Endeavour Academy Durham. Transportation links include Seaham train station approximately 7.96km away. The flat itself appears to be in reasonable condition based on the provided images, though some minor cosmetic updates might enhance its appeal. The kitchen and bathroom seem functional but could benefit from some modernisation. The property includes a small garden area. The list price of £49,950 is significantly lower than the average house price in the area (£226,037) and also lower than nearby comparable properties. This suggests it may represent good value for money, especially considering its proximity to amenities and schools. However, the lack of square footage data for the property makes a precise price-per-square-foot comparison difficult.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 9
- Condition
- 7
- Location
- 8
- Land
- 3
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 300.00
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 %
- Est sale value
- 82,800.00 £Increased by 14.52 %
- Average area rental value
- 961.00 £/moDecreased by 14.43 %
- Est letting value
- 300.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.47 %Decreased by 16.49 %
- Crime Rate
- 7.00 %Unchanged by 0.00 %
Agent Activity
Hunters created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Acre Rigg Academy | Academy Sponsor Led | Good | 0.08 KM |
| Acre Rigg Infant School | Community School | Good | 0.10 KM |
| Endeavour Academy Durham | Free Schools Alternative Provision | Good | 0.67 KM |
| East Durham College | Further Education | Good | 0.67 KM |
| St Bede'S Catholic School And Byron Sixth Form College | Academy Converter | 1.14 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Mitchell Close | £ 174,950 | 0 | 0.00 KM |
| Northampton Road | £ 0 | 0 | 0.00 KM |
| Armstrong Road | £ 147,475 | 0 | 0.00 KM |
| Little Thorpe | £ 550,000 | 0 | 0.00 KM |
| Southway | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Seaham | 7814 | SEA | 7.96 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Buckingham Road, Peterlee | £ 49,950 | BUY | 6 / 10 | 0.00 KM |
| Hertford Place, Peterlee, Durham, SR8 2DA | £ 75,000 | BUY | 6 / 10 | 0.11 KM |
| Hertford Place, Peterlee, Durham, SR8 2DA | £ 80,000 | BUY | 7 / 10 | 0.11 KM |
| Buckingham Road, Peterlee | £ 109,999 | BUY | 6 / 10 | 0.19 KM |
| Buckingham Road, Peterlee, Durham, SR8 2DT | £ 145,000 | BUY | 6 / 10 | 0.24 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 96 Acre Rigg Road | £ 49,500 | 0.09 KM |
| 94 Acre Rigg Road | £ 71,500 | 0.09 KM |
| 76 Acre Rigg Road | £ 94,000 | 0.09 KM |
| 82 Acre Rigg Road | £ 101,000 | 0.09 KM |
| 98 Acre Rigg Road | £ 50,450 | 0.09 KM |