Off-market deal CW-003

2-bed semi for sale in Peterlee (SR8)

Off-market, tenanted. £70,000 asking, £500 pcm, 8.6% gross yield.

2-bed semi, Peterlee (SR8)

Semi-detached

Asking 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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