2 bed terraced house for sale

Easington Street, Easington Colliery, Peterlee SR8

Well-Presented 2-Bedroom Terraced House in Peterlee For Sale. This freehold property is available as part of a package deal with a second house in the area, on Baldwin Street. The price for the pair is oieo £110,000.

Tenanted Investment Opportunity



This spacious 2-bedroom mid-terrace home at Easington Street, Peterlee, SR8 3LD, offers a fantastic investment opportunity with a long-term tenant in situ. Priced at oieo £55,000, this freehold property is available as part of a package deal with a second house in the area, on Baldwin Street.

Property Overview


Well-maintained throughout, this home benefits from 731 sq ft (68 m²) of internal space.

Central heating system with a Baxi Main boiler

Tenanted since 2016, currently paying £400 pcm, with scope for an increase to circa £450 pcm, reflecting local market trends.

EPC Rating: C (73), with potential to improve to B (89).

For Investors


This property presents a strong buy-to-let investment, with:

A stable long-term tenant, ensuring immediate rental income.

An estimated gross yield of approximately 8.7% at the current rent and 9.8% at market rent (£450 pcm).

Steady house price growth in Peterlee, with average property values in County Durham increasing by 7.8% annually (ons Data).

Strong local rental demand, with average rents in County Durham rising 9.2% year-on-year, reaching £586 pcm in January 2025.

Transport Links


Road Access: The A19 provides easy routes to Sunderland (12 miles) and Middlesbrough (20 miles).

Public Transport: Regular bus services connecting Peterlee with nearby towns.

Rail Travel: Horden train station (1.5 miles away) offers services to Newcastle, Sunderland, and Hartlepool.

Air Travel: Newcastle International Airport is approximately 30 miles away, providing domestic and international flights.

General Data


Council Tax Band: A (£1,547.02 for 2024/2025).

Tenure: Freehold.

Internal Floor Space: 731 sq ft (68 m²).

Year Built: 1900-1929.

Heating: Gas central heating (Baxi Main boiler).

Parking: On-street parking available.

Flood & Coastal Erosion Risk: Very low risk.

This tenanted property provides an immediate income stream, making it a great option for investors looking to expand their portfolio. Contact us today to arrange a viewing or for any further information.