Basingstoke Road, Peterlee, County Durham
North East
£69,995
Listed on 09/10/2026
Listed on 09/10/2026
The listing
Property details
Bedrooms
3Type
Semi DetachedArea
743 sqftFeatures
- Garden
- Tenanted
Description
Hunters Peterlee are marketing this two-bedroom home in Peterlee with an established tenant in place. The listing states that the tenant has lived at the property for nearly 10 years and pays £450 per month. It also gives an estimated rent of £550 per month, subject to an appropriate rent review.
The accommodation is arranged over two floors, with an entrance hall, a dual-aspect lounge and a separate fitted kitchen on the ground floor. Upstairs are two bedrooms and a bathroom with a shower over the bath. The principal bedroom has mirrored sliding-door wardrobes.
Outside, the enclosed rear garden combines lawn and paved areas, with a brick-built outbuilding for storage. The property is offered with the existing tenancy, and prospective purchasers should confirm the tenancy terms and rental details.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
51out of 100
Grade DWeak opportunity
Confidence: MEDIUM
This is a light, cosmetic project with a usable lounge, serviceable bedrooms and a maintained rear garden with paved seating. The dated kitchen and bathroom offer scope for a straightforward refresh, while the garden is already a practical asset. The asking price is slightly above the local £/sqf benchmark, and purchase plus refurbishment costs look tight against local benchmarks, so the project’s appeal rests on careful buying and the established tenancy rather than an obvious discount.
Key opportunities
- Refresh the older kitchen finishes while retaining the functional fitted layout.
- Update the dated bathroom finishes to give the home a more contemporary feel.
- Build on the maintained lawn and paved seating area with optional planting or landscaping.
Key risks
None recorded.
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Transport
Nearest stations
Horden
1.4 miles
Train · Horden
Seaham Rail Station
5.2 miles
Train · Seaham
Hartlepool Rail Station
7.6 miles
Train · Hartlepool
Seaton Carew Rail Station
9.3 miles
Train · Seaton Carew
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£264
Based on a loan of £52,496 over 30 years at 4.45% 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.
Tax
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