Vincent Street, Peterlee, County Durham, SR8 3PP
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Read more Read moreThis freehold property comprises two self-contained flats located in Easington Colliery, Peterlee. The ground floor flat features a spacious lounge, two bedrooms, a galley-style kitchen, a dining room, and a bathroom. The upper flat includes a spacious lounge, kitchen, two double bedrooms, a smaller third bedroom, and a bathroom. Each flat has its own private entrance. The property requires refurbishment and has the potential to achieve a combined rental income of approximately £1,150 per month (£13,800 per annum), representing an estimated gross yield of around 30%. It is situated in a residential area close to local amenities and is near Horden Railway Station, providing transport links to Sunderland and Newcastle, with easy access to the A19 for regional commuting.
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