2-bedroom terraced house · SR8 2PG
For saleListed 27 days
Opportunity summary
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About
Summary Turnkey two-bedroom end-terrace | en-suite | beautifully presented | popular location | no onward chain Exceptional First Home or Buy-to-Let Investment Immaculately presented throughout, this attractive two-bedroom end-terrace property is situated on Cheviot Place, in a popular and convenient residential location.
Finished to a good decorative standard, the accommodation briefly comprises an entrance hallway, spacious lounge/dining room, modern refitted kitchen, two well-proportioned double bedrooms, with the principal bedroom benefiting from an en-suite shower room, together with a family bathroom.
Externally, the property benefits from low-maintenance gardens, providing an easily manageable outdoor space.
Ideally positioned for access to a range of local amenities, schools and the town centre, the property also enjoys excellent transport links via the A19, providing convenient connections towards Teesside, Sunderland and the historic city of Durham.
Offered for sale with no onward chain, this property represents an attractive opportunity for a first-time buyer or buy-to-let investor.
The property has an estimated rental potential of approximately 700 pcm (8,400 per annum), subject to market conditions and suitability.
Council Tax Band: A Tenure: Freehold Entrance Hall Entrance to this beautiful two bedroom property is accessed via a double glazed external door to the front, leading into a welcoming hallway.
The hallway features stairs to the first floor landing, a radiator and a useful storage cupboard.
Kitchen A superb modern kitchen featuring a range of wall and floor cabinets finished in neutral tones with contrasting work surfaces, incorporating a stainless steel sink and drainer unit with mixer tap fittings.
Additional features include an integral electric oven and hob set beneath a stainless steel extractor canopy, plumbing for an automatic washing machine, space for a fridge freezer, attractive floor coverings and a double glazed window.
A double glazed external door provides access to the rear garden.
Lounge Diner (5.77m x 3.23m) Stylishly decorated and well appointed, the lounge through dining room is situated to the front of the home and features an internal door providing access to the kitchen, two double glazed windows, a double glazed door and two radiators.
Landing Continuing with the property's excellent decorative presentation, the first floor landing provides access to both double bedrooms and the family bathroom.
A double glazed window provides plenty of natural light.
Bedroom One (4.54m x 2.54m) Situated to the front of the property, the master bedroom features a double glazed window, radiator and access to the adjoining private en-suite facility.
En-Suite Finished to a high standard, the en-suite comprises a pedestal hand wash basin, enclosed shower cubicle with tiled walls and flooring, and a chrome-effect heated towel rail.
Bedroom Two (3.70m x 3.14m) An equally well-proportioned and well-presented double bedroom featuring a radiator and double glazed window overlooking the front elevation.
Family Bathroom Presented with a quality finish, the family bathroom comprises a white suite including a panelled bath with overhead shower, pedestal hand wash basin set into a vanity cabinet, tiled walls, heated towel rail and double glazed window.
External Rear To the rear of the property is a low-maintenance and enclosed garden featuring a block-paved patio and a wood-decked 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
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FAQ
About 37, Cheviot Place, Peterlee
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