Buckingham Road, Peterlee
HU

Buckingham Road, Peterlee

By Hunters

£ 49,950

Reviews

3 out of 5 stars

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 %
from 205,865.00 £
Est sale value
82,800.00 £
Increased by 14.52 %
from 72,300.00 £
Average area rental value
961.00 £/mo
Decreased by 14.43 %
from 1,123.00 £/mo
Est letting value
300.00 £/mo
Unchanged by 0.00 %
from 300.00 £/mo
Est rental Yield
5.47 %
Decreased by 16.49 %
from 6.55 %
Crime Rate
7.00 %
Unchanged by 0.00 %
from 7.00 %

Agent Activity

  • Hunters created the listing.

Nearby Schools

NameTypeOfstedDistance
Acre Rigg AcademyAcademy Sponsor LedGood0.08 KM
Acre Rigg Infant SchoolCommunity SchoolGood0.10 KM
Endeavour Academy DurhamFree Schools Alternative ProvisionGood0.67 KM
East Durham CollegeFurther EducationGood0.67 KM
St Bede'S Catholic School And Byron Sixth Form CollegeAcademy Converter1.14 KM

Images

Lounge Lounge Kitchen Second Bedroom External.jpeg Kitchen Bathroom Bathroom Master Bedroom Master Bedroom Garden

Nearby Streets

NameAverage PriceAverage SqftDistance
Mitchell Close £ 174,95000.00 KM
Northampton Road £ 000.00 KM
Armstrong Road £ 147,47500.00 KM
Little Thorpe £ 550,00000.00 KM
Southway £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Seaham7814SEA7.96 KM

Nearby Listings

AddressPriceTypeScoreDistance
Buckingham Road, Peterlee £ 49,950BUY6 / 100.00 KM
Hertford Place, Peterlee, Durham, SR8 2DA £ 75,000BUY6 / 100.11 KM
Hertford Place, Peterlee, Durham, SR8 2DA £ 80,000BUY7 / 100.11 KM
Buckingham Road, Peterlee £ 109,999BUY6 / 100.19 KM
Buckingham Road, Peterlee, Durham, SR8 2DT £ 145,000BUY6 / 100.24 KM

Nearby Properties

AddressPriceDistance
96 Acre Rigg Road £ 49,5000.09 KM
94 Acre Rigg Road £ 71,5000.09 KM
76 Acre Rigg Road £ 94,0000.09 KM
82 Acre Rigg Road £ 101,0000.09 KM
98 Acre Rigg Road £ 50,4500.09 KM