2-bedroom flat · SR8 1DE
Listing removedReduced £4k (−11.8%) on 11 JulListed 210 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-presented two-bedroom upper flat is ideally located on Westway, Peterlee (SR8), offering comfortable and affordable living in a convenient residential area.
The property features a bright and spacious lounge, perfect for relaxing or entertaining guests, along with a fitted kitchen providing ample storage and workspace.
There are two generously sized bedrooms, both offering plenty of natural light, and a modern family bathroom fitted with a three-piece suite.
Externally, the property benefits from a private entrance and access to a shared outdoor area, with on-street parking available nearby.
Situated close to local amenities, schools, and transport links, this flat is well-positioned for easy access to Peterlee town centre and surrounding areas.
Ideal for first-time buyers, small families, or investors, this property offers excellent value and viewing is highly recommended.
Lounge 5.3848m x 3.5814m - 17'8” x 11'9” Double glazed window to the front elevation, radiator .
Kitchen 2.9972m x 2.1082m - 9'10” x 6'11” Beech fitted kitchen comprising : Stainless steel sink unit and dual taps .
Bathroom 1.6256m x 1.8288m - 5'4” x 6'0” Three piece suite comprising a panelled bath with shower over the bath, pedestal wash hand basin with dual taps, low level w.c, double glazed window .
Bedroom One 3.9624m x 2.7686m - 13'0” x 9'1” Double glazed window, radiator . Bedroom Two 2.8702m x 2.8956m - 9'5” x 9'6” Double glazed window, radiator .
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 12, Westway, Peterlee
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