1/8
£89,995
2 beds · 1 bath
Colston Rise, Peterlee
0.22 miles
away
Freehold
Added on 16/09/2026 
1/11
1/11
£45,000
Offers over 2 bed flat for sale Buckingham Road, Peterlee, County Durham, SR8 2DT
2
beds 1
bath Flat
Leasehold
Added on 16/09/2026
About this property
LET & MANAGED BY HUNTERS -10% YIELD - WITH A TENANT IN RESIDENCE ... Situated on Buckingham Road in Peterlee, this inviting first-floor flat presents an excellent opportunity for investors. Currently tenanted and achieving £495 per calendar month, this property offers immediate rental income, making it a superb turnkey investment. The flat itself boasts spacious and versatile living accommodation, including a bright white kitchen with ample counter space and sleek finishes, a generously sized lounge perfect for relaxing or entertaining, and a well-appointed bathroom with a shower over the bath, WC, and basin. The larger master bedroom offers plenty of storage, the adaptable second bedroom can function as a guest room, children's room, or home office and the garden is a spectacular notable attribute. Contact Hunters for viewings and information regarding our comprehensive lettings management services.
Key features
- First-floor flat in popular Buckingham Road, Peterlee
- Currently tenanted at £495pcm �" superb investment
- Bright, modern white kitchen with ample workspace
- Spacious lounge ideal for relaxing or entertaining
- Large master bedroom with great storage
- Versatile second bedroom �" guest room, child’s room, or office
- Contemporary bathroom with shower over bath
- Comfortable, modern living in a convenient location
- EPC Rating: C
- Council Tax Band: A
Floorplan
Location
Buckingham Road, Peterlee, County Durham, SR8 2DT
- Council tax
- Band A (Approx £1,748/year)Durham's 2026/27 area average, including the typical parish precept for band A. Your bill may differ: single-person and other discounts may apply.
Mortgage and stamp duty
Property price £45,000
£23k £68k
Deposit11% £5,000
£0 £45k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £40,000 mortgage. Most lenders would want a household income of about £9,000 to support it.
A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.
Historic sold prices nearby
HM Land Registry sales in SR8 2DT. Floor areas from Energy Performance Certificates where matched.
| Address | Type | Sold | Size | Size | £/sq ft | Price |
|---|---|---|---|---|---|---|
| 18, Buckingham Road Detached | Detached | Feb 2026 | 1,012 sq ft £143/sq ft | 1,012 sq ft | £143 | £145,000 |
| 58, Buckingham Road Terraced | Terraced | May 2025 | 915 sq ft £96/sq ft | 915 sq ft | £96 | £87,500 |
| 51, Buckingham Road Terraced | Terraced | Nov 2024 | 990 sq ft £60/sq ft | 990 sq ft | £60 | £59,000 |
| 23, Buckingham Road Terraced | Terraced | Aug 2024 | 936 sq ft £85/sq ft | 936 sq ft | £85 | £80,000 |
| 39, Buckingham Road Terraced | Terraced | Oct 2023 | 883 sq ft £96/sq ft | 883 sq ft | £96 | £85,000 |
| 38, Buckingham Road Semi-detached | Semi-detached | Apr 2023 | 947 sq ft £105/sq ft | 947 sq ft | £105 | £99,000 |
| 58, Buckingham Road Terraced | Terraced | Dec 2022 | 915 sq ft £101/sq ft | 915 sq ft | £101 | £92,000 |
| 30, Buckingham Road Semi-detached | Semi-detached | May 2021 | 893 sq ft £120/sq ft | 893 sq ft | £120 | £107,000 |
All sales on Buckingham Road → All sold prices in Peterlee →
Area insights
The neighbourhood around this property.
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