Summary - 33 WARREN STREET HORDEN PETERLEE SR8 4NA
2 bed 1 bath Terraced
Low-price, high-yield Victorian terrace ideal for buy-to-let or light refurbishment..
- Two-bedroom Victorian mid-terrace with gated rear courtyard
- Freehold, 736 sq ft, efficient two-storey layout
- Achievable rent circa £400pcm; estimated 12% gross yield
- EPC C and very low council tax (Band A)
- Built 1900–1929; cavity walls likely uninsulated (assumed)
- Area: very deprived with high crime — affects tenant pool
- Sold via online auction; purchase subject to auction T&Cs
- Broadband fast and mobile signal excellent for tenants
A compact two-bedroom Victorian mid-terrace offered as a straightforward investment in Horden, Peterlee. Priced at £15,000 with an achievable rent of around £400 pcm, the property presents an estimated 12% rental yield for buyers seeking immediate income. The layout is efficient across two floors with a lounge, kitchen/diner, two bedrooms and a family bathroom, plus a gated rear courtyard.
The house is freehold and comes with an EPC rating of C and very low council tax (Band A). Construction dates place the property in the early 20th century with original cavity walls (assumed uninsulated) and double glazing fitted before 2002. Heating is by mains gas boiler and radiators. Broadband speeds are reported as fast and mobile signal excellent — practical positives for lettings.
Buyers should note material drawbacks: the area is classified as very deprived with high local crime statistics and challenging social indicators. The terrace is small-plot and likely requires energy-efficiency improvements (wall insulation assumed absent) and general modernisation in places. The sale will be conducted via online auction (terms and conditions apply), which suits investors comfortable with auction purchase timelines and limited post-offer negotiation.
This property suits buy-to-let purchasers looking for a low-entry price and steady rental return, or investors planning light-to-medium refurbishment to improve capital value. Given the location and local market, screening tenants carefully and budgeting for targeted upgrades (insulation, cosmetic updates) will help secure rental income and reduce void risk.
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