3 bed property for sale

Noble Street, Peterlee SR8

An excellent investment opportunity located in a well-established residential area of Peterlee. This three-bedroom mid-terrace property is currently tenanted and achieving £495 per calendar month, offering a strong return on investment for buy-to-let landlords.

Property features:

* Three bedrooms
* One lounge
* Fitted kitchen
* Family bathroom
* Front and rear gardens
* Mid-terrace
* Freehold tenure
* Council Tax Band A
* Currently tenanted at £495 pcm

Rental yield:

* Asking price: £55,000
* Annual rent: £5,940
* Gross yield: Approximately 10.8%
* Suitable for halal mortgage structures (e.g. Diminishing Musharakah)

Location and amenities:

Noble Street is located in the heart of Peterlee and benefits from easy access to a range of local amenities, including supermarkets, high street shops, cafes, and healthcare services. The area is well-connected and popular with families and working tenants.

Transport links:

* Convenient access to the A19 for commuting to Sunderland, Durham, and Hartlepool
* Regular local bus routes serving the town and nearby areas
* Durham train station is approximately 12 miles away, offering regional and national rail services

Schools and education:

* Close to several primary and secondary schools, including Dene House Primary and The Academy at Shotton Hall
* Local nurseries and early years care also nearby

This tenanted property offers immediate income potential with strong gross yields. Its affordability, stable rental history, and suitability for ethical finance structures such as halal mortgages make it an attractive option for both new and experienced investors.

To arrange a viewing or request further information, please contact Stonebanks today!