Summary - 5 EIGHTH STREET HORDEN PETERLEE SR8 4LY
2 bed 1 bath Terraced
Affordable freehold project near good schools and fast broadband.
Two double bedrooms with vacant possession
A two-bedroom mid-terrace with clear investment potential, sold freehold via online auction. The property is offered with vacant possession and requires modernisation throughout — ideal for a buy-to-let refurbishment or a budget renovation project. Bidding opens Monday 24th November at 1pm and closes Tuesday 25th November at 1pm; register to bid and to view the legal pack.
Built in the 1930–49 period, the house has traditional brick façades, double glazing installed after 2002, mains gas central heating and an EPC rating of E. The compact layout (approx. 752 sq ft) includes lounge, kitchen, two bedrooms, bathroom and a small rear yard — straightforward scope for upgrading and improving rental value or resale after works.
Location strengths include fast broadband, excellent mobile signal, nearby good-rated primary and secondary schools, and local amenities and transport links. However, the neighbourhood is classified as very deprived with notably high crime levels; buyers should factor this into tenancy, insurance and refurbishment plans.
Costs and legal notes: council tax band A (very cheap) and an administration fee of £3,600 (inc VAT) payable on exchange. Prospective purchasers must consult the legal pack for further disbursements and title information before bidding.
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