2-bedroom terraced house · SR8 5EW
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the ever-popular Fairbairn Road in Peterlee, this two-bedroom end terraced home presents an excellent investment opportunity and is offered for sale with a sitting tenant currently paying £595 per calendar month, providing an immediate rental income from day one.
Well maintained throughout and offering generous living accommodation, the property is ideally suited to landlords seeking a ready-made addition to their portfolio.
The accommodation begins with an entrance hall which provides access to the first floor and a convenient ground floor WC.
The well-proportioned kitchen/diner offers ample space for both cooking and dining, making it a practical and sociable area of the home.
To the rear, the spacious 12ft living room enjoys an abundance of natural light and benefits from patio doors opening directly onto the rear garden, creating a pleasant connection between the indoor and outdoor spaces.
To the first floor, the landing provides access to two generous double bedrooms, both offering comfortable accommodation with space for additional furnishings.
Completing the upper floor is a family bathroom fitted with a three-piece suite. Externally, the property benefits from excellent off-street parking with a gravelled double driveway to the front.
To the rear, there is an enclosed garden which is mainly laid to lawn, complemented by a patio seating area ideal for enjoying the warmer months or creating an attractive outdoor space for tenants.
Located within easy reach of Peterlee town centre, local schools, amenities and transport links, this property combines a convenient location with a reliable rental income, making it an attractive proposition for buy-to-let investors looking for a straightforward purchase with a tenant already in situ.
Hall 4.6228m x 1.8542m - 15'2” x 6'1” UPVC Door, Radiator, stairs leading to the first floor landing Cloaks/Wc 1.4732m x 0.8382m - 4'10” x 2'9” Low level w/c, wash hand basin, radiator Kitchen 3.5306m x 1.8542m - 11'7” x 6'1” Fitted with a range of wall and base units with complementing work surfaces, splash back tiling, Induction hob, extractor hood, electric oven, integrated fridge/freezer, space for washing machine, stainless steel sink with drainer and mixer tap, boiler, radiator, double glazed window to the front elevation Living Room 3.82m x 3.64m - 12'6” x 11'11” Double glazed window to the rear elevation, patio doors to the rear garden, radiator Landing 2.9718m x 1.9304m - 9'9” x 6'4” Storage cupboard, loft access Bedroom One 3.81m x 3.4798m - 12'6” x 11'5” Two double glazed windows to the front elevation, radiator Bedroom Two 3.7084m x 1.9558m - 12'2” x 6'5” Double glazed window to the rear elevation, radiator Bathroom 1.7018m x 1.651m - 5'7” x 5'5” Fitted with a 3 piece suite comprising of; Bath with overhead shower, pedestal wash hand basin, low level w/c, radiator, extractor fan, double glazed window to the rear elevation Outside To the Front; Double driveway To the Rear; Laid to lawn garden with patio area
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 Fairbairn Road, Peterlee
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