29 St. Leonards Close, Peterlee, County Durham, SR8 2NW

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Online Auction – Bidding for this property closes on 18th March 2026 at 11:15 am. Open to prior-auction offers - Interested parties are invited to register via our website to bid.

Description

Investment Opportunity – Freehold Four Bedroom Semi-Detached Property - Current Rental Income: £7,800 per annum

An excellent opportunity to acquire a freehold three-bedroom semi-detached property currently let at £650 per calendar month (£7,800 per annum) on an Assured Shorthold Tenancy, offering immediate income from completion.
Situated in the popular residential area of Peterlee, the property is conveniently located close to a range of local shops, schools, hospital and everyday amenities, making it attractive to long-term tenants.
The accommodation is well laid out and briefly comprises:
Ground Floor
Reception Room
Living Room
W/C
Kitchen

First Floor
Four Bedrooms
Family Bathroom

Externally, the property benefits from a front and rear gardens, providing additional outdoor space for tenants.

Further features include:
Gas-fired central heating, UPVC double-glazed windows

Freehold tenure
EPC Rating: D

Investment Highlights
Established rental income of £7,800 per annum
Currently tenanted – income from day one
Strong rental demand location
28-day completion

The property is sold subject to the existing Assured Shorthold Tenancy. Please refer to the legal pack for full tenancy details.

Common Auction Conditions
This property is sold subject to our Common Auction Conditions (a copy is available on our website).

Buyers Administration Fee
The purchaser will be required to pay an administration fee of £1,800 inc VAT, whether the property is bought before, on, or after the auction date.

Legal Pack
Purchasing a property at auction is a firm legal commitment equivalent to signing a contract by private treaty. Prospective buyers must consult with their legal adviser before bidding.
The legal pack can be viewed online via our website.
At the time of going to print, the Auctioneers were unable to inspect the property internally; therefore, the accommodation details should not be relied upon.

Guide Price & Reserve Price
Each property sold is subject to a Reserve Price, which will be within +10% of the Guide Price. The Guide Price is provided solely to help buyers decide whether to pursue their interest.

Important Notice / Disclaimer
In accordance with RICS guidance, these particulars are prepared in good faith and are intended to give a fair description of the property. At the time of publication, the Auctioneers were unable to inspect the property internally. Consequently, any details relating to the accommodation, floor areas, condition, fixtures, fittings, services, or any other aspects of the property are based on limited information and should not be relied upon as statements of fact.
Prospective purchasers are strongly advised to satisfy themselves as to the accuracy of the information provided by undertaking their own inspections, surveys, and enquiries prior to making any offer or bid. Neither the Auctioneers nor the vendor give any representation or warranty, express or implied, as to the accuracy, completeness, or suitability of the information contained within these particulars.