Summary - 58 SEVENTH STREET, HORDEN, HORDEN SR8 4LX
2 bed 1 bath Terraced
Auction-priced terraced home with strong rental yield and nearby train station.
- Two bedrooms, mid-terraced Victorian house, approx. 722 sq ft
- Sold at auction and sold as seen; vacant possession
- Potential rental income circa £475 pcm; >10% gross yield estimated
- Requires full refurbishment; upgrade heating and electrics likely
- Cavity walls assumed uninsulated; insulation opportunity
- High local crime levels and very deprived area
- Small rooms and small plot; limited internal space
- Council Tax Band A (very cheap)
Offered for sale by auction, this two-bedroom mid-terraced house in Horden is a low-entry purchase for an investor or house-flipper. The property is sold as seen and requires full refurbishment, which creates scope to add value or reconfigure the layout within the existing 722 sq ft of living space.
Location strengths include proximity to Horden train station, the coast and local green spaces, plus multiple good-rated primary and secondary schools nearby. Forecast rental income of around £475pcm suggests a gross yield in excess of 10% at the current guide price, making it attractive for a buy-to-let purchase once renovated.
Buyers should note material negatives: the area records high crime and very high deprivation levels, the house has basic electric room heaters and cavity walls assumed without insulation, and rooms are small with a small plot. It will need heating upgrades, likely electrical and insulation works, and general refurbishment throughout.
This is a straightforward, realistic proposition: a budget-priced freehold terrace for someone prepared to manage renovation and lettings or complete a quick flip after auction. Sold at auction and sold as seen, the property suits buyers looking for hands-on projects with clear upside, not those seeking a move-in-ready home.
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