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Apartment 34 Sledmere Close, Peterlee SR8 5JN - Image 1
Apartment 34 Sledmere Close, Peterlee SR8 5JN - Image 2
Apartment 34 Sledmere Close, Peterlee SR8 5JN - Image 3
Apartment 34 Sledmere Close, Peterlee SR8 5JN - Image 4
Apartment 34 Sledmere Close, Peterlee SR8 5JN - Image 5
Apartment 34 Sledmere Close, Peterlee SR8 5JN - Image 6
Apartment 34 Sledmere Close, Peterlee SR8 5JN - Image 7
Apartment 34 Sledmere Close, Peterlee SR8 5JN - Image 8

Apartment 34 Sledmere Close, Peterlee SR8 5JN

North East

£5,000

Listed on 21/05/2026

Property Details

Bedrooms
2
Type
Flat

Description

This auction offering presents a two-bedroom ground floor flat in Peterlee, which is currently vacant and awaiting refurbishment. The layout includes an Entrance Hall, a Living Room, a Kitchen, two Bedrooms, and a Bathroom. While the property is in need of updates, it provides a solid foundation for improvements that can significantly enhance its rental value. Upon completion of necessary renovations, this flat could yield an estimated rental income of £500 per month. Externally, residents can enjoy access to a shared lawn area and convenient on-street parking options. Sledmere Close is strategically positioned near various local amenities and transport links, making it an attractive spot for potential tenants. Note that the property is being sold leasehold with an EPC Rating of F.

Investment Analysis

(SR8 area)
Area Average
£91/sq ft
Avg Rent (weekly)
£125
Avg Yield
7.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (SR8)

Area prices are rising by +17.3% over the last 12 months
3 year growth: +7.6%
5 year growth: +15.1%
Investment Disclaimer: Analysis based on SR8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Apartment 34 Sledmere Close, Peterlee SR8 5JN
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£18
Based on a loan of £3,750 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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