2-bedroom house · SR8 3DJ
For saleReduced £2k (−2.5%) on 17 OctListed 188 days
Opportunity summary
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About
This two‐bedroom mid‐terraced home on Whickam Street in Easington Colliery offers an appealing opportunity for investors, being sold with a long‐standing sitting tenant currently paying £490 per calendar month.
The property delivers a practical layout with generous room sizes, two reception rooms, and the added benefit of a garage and rear yard, features that are not always easy to find in similar terraced homes in the area.
The entrance hall leads directly to the staircase rising to the first‐floor landing, while the ground floor flows through a comfortable living room that opens into a separate dining room.
The dining room includes useful built‐in storage cupboards and provides a natural hub for day‐to‐day living.
To the rear sits a well‐proportioned kitchen fitted with a UPVC door giving access to the enclosed rear yard, creating a straightforward connection between indoor and outdoor space.
Completing the ground floor is a conveniently located bathroom.
Upstairs, the landing leads to two double bedrooms, each offering fitted wardrobes that maximise storage and help maintain a clean, uncluttered feel.
Externally, the property benefits from a private rear yard along with a garage, providing valuable additional storage or secure parking.
Overall, this is a solid, well‐arranged home with reliable rental income already in place, making it a strong addition to a buy‐to‐let portfolio.
Hall UPVC Door, radiator, stairs leading to the first floor landing Living Room 3.9878m x 3.6322m - 13'1” x 11'11” Double glazed window to the front elevation, radiator, opening into dining room Dining Room 4.6228m x 3.175m - 15'2” x 10'5” Double glazed window to the rear elevation, storage cupboard, radiator Kitchen 3.7338m x 2.2606m - 12'3” x 7'5” Fitted with a range of wall and base units with complementing work surfaces, 5 ring electric hob, double electric oven, extractor hood, ceramic sink with drainer and mixer tap, double glazed window to the rear elevation, upvc door to the rear yard Inner Hall Bathroom 2.2352m x 1.4732m - 7'4” x 4'10” Fitted with a 3 piece suite comprising of; Bath, pedestal wash hand basin, low level w/c, radiator, double glazed window to the side elevation Landing Bedroom One 4.0386m x 3.8608m - 13'3” x 12'8” Double glazed window to the front elevation, fitted wardrobes, radiator Bedroom Two 3.9878m x 3.175m - 13'1” x 10'5” Double glazed window to the rear elevation, fitted wardrobes, radiator Rear Yard Garage Single garage accessed via up and over shutter benefitting electricity and lighting
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 6, Whickham Street, Peterlee
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