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3 bed house for sale Basingstoke Road, Peterlee, SR8

Asking price

£69,995

Added on 08/10/2026

Type: House
Bedrooms: 3
Bathrooms: 1
Tenure: Freehold

Key features

TWO-BEDROOM HOME
SOLD WITH A SITTING TENANT
TENANT IN RESIDENCE FOR NEARLY 10 YEARS
CURRENT RENT £450 PCM
DUAL-ASPECT LOUNGE
SEPARATE FITTED KITCHEN
MASTER BEDROOM WITH MIRRORED WARDROBES
ENCLOSED REAR GARDEN
GAS CENTRAL HEATING
IDEAL INVESTMENT PROPERTY

About this property

Hunters are pleased to offer for sale this two-bedroom home on Basingstoke Road, Peterlee, with an asking price of £69,995. Sold with a sitting tenant who has been in residence for nearly 10 years, the property currently achieves £450 pcm, representing an approximately 7.71% gross rental yield at the asking price. The current rent is below the estimated market rental value of £550 pcm, which would provide a potential 9.43% gross rental yield at the asking price, subject to an appropriate rent review.

Council tax

Ask agent

Per year

Band A

£1,748
Band B

£2,039
Band C

£2,331
Band D

£2,622
Band E

£3,205
Band F

£3,788
Band G

£4,370
Band H

£5,244

The agent hasn't said which band this home is in; you can look it up on GOV.UK. In Durham, 2026/27 bills run from £1,748 a year in band A to £5,244 in band H.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Durham, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.

Location

Basingstoke Road, Peterlee, SR8

Open map Street View

Mortgage and stamp duty

Property price £69,995

£35k £105k

Deposit10% £7,000

£0 £70k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £62,995 mortgage. Most lenders would want a household income of about £14,000 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.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
98, Basingstoke Road Terraced	Terraced	Dec 2024	958 sq ft £91/sq ft	958 sq ft	£91	£87,500
82, Basingstoke Road Terraced	Terraced	Oct 2022	850 sq ft £86/sq ft	850 sq ft	£86	£73,227
193, Basingstoke Road Semi-detached	Semi-detached	Apr 2022	818 sq ft £119/sq ft	818 sq ft	£119	£96,999
167, Basingstoke Road Semi-detached	Semi-detached	Aug 2020	710 sq ft £58/sq ft	710 sq ft	£58	£41,000
171, Basingstoke Road Semi-detached	Semi-detached	Mar 2020	872 sq ft £69/sq ft	872 sq ft	£69	£59,950
48, Basingstoke Road Terraced	Terraced	Jan 2020	710 sq ft £91/sq ft	710 sq ft	£91	£65,000
66, Basingstoke Road Terraced	Terraced	Mar 2016	710 sq ft £63/sq ft	710 sq ft	£63	£45,000
151, Basingstoke Road Terraced	Terraced	Jun 2009	710 sq ft	710 sq ft	n/a	£33,000