Investment Opportunity – Two Self-Contained Flats

Freehold property comprising two self-contained flats, ideally located in the heart of Easington Colliery, Peterlee. The property requires refurbishment and offers excellent potential to add value.

The ground floor flat briefly comprises a spacious lounge, two bedrooms, galley style kitchen, dining room and bathroom.
The flat to the first and second floors comprises a spacious lounge, kitchen, two double bedrooms, third smaller bedroom and bathroom. Both flats benefit from their own private entrance.

Following improvement works, the property is estimated to achieve a combined rental income of approximately £1,150 PCM (£13,800 per annum), representing an estimated gross yield of around 30% at guide price (figures to be independently verified and are before required works).

Well positioned within a popular residential area close to local amenities, with Horden Railway Station nearby providing links to Sunderland and Newcastle, and easy access to the A19 for wider regional commuting.

Ideal opportunity for investors seeking a high-yield, value-add project.