2-bed semi, Peterlee (SR8)
Semi-detachedAsking price
£70,000
Rent (at market rent)
£700 pcm£500 now
Gross yield (at market rent)
12.0%8.6% now
Ref
CW-003
Tenancy: Long-term tenant in place since February 2023, paying £500 pcm.
Rent is well below market: similar local lets suggest around £700 pcm, which would be a 12% gross yield at this price. Similar properties nearby have sold for £112,000 to £113,000.
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