Summary - 5 EIGHTH STREET HORDEN PETERLEE SR8 4LY
2 bed 1 bath Terraced
Chance for cash buyers or landlords to refurbish and add value quickly.
- Two-bedroom mid-terrace, approximately 740 sq ft
- BUY IT NOW price £25,000 plus auction fees
- Vacant; requires significant refurbishment throughout
- Boarded windows, damaged floor coverings, debris present
- Small rear yard only; no garden or garage
- EPC rating E; mains gas heating and double glazing
- Located in high-crime, very deprived neighbourhood
- Auction fees: £3,000 admin + £1,200 buyer's premium
A vacant two-bedroom mid-terrace offered for sale by online unconditional auction with a BUY IT NOW price of £25,000 plus auction fees. The property provides a compact 740 sq ft layout: lounge, kitchen, landing, two bedrooms and a family bathroom, with a small rear yard rather than a garden. The building dates from 1930–1949 and has double glazing installed post-2002 and mains gas central heating.
The house is in poor decorative and structural condition and requires full refurbishment: boarded windows, damaged floor coverings, debris and general neglect throughout. It is sold freehold with an EPC rating of E and sits in a hard-pressed, high-crime, very deprived area. There is no garage or private garden and external frontage is a paved forecourt.
This lot is likely to suit experienced investors or renovators who can budget for immediate works and factor in auction costs. Sale terms include a non-refundable administration fee of £3,000 (inc. VAT) payable in addition to the purchase price, a buyer’s premium of £1,200 (inc. VAT), and a 10% deposit (minimum £5,000) on completion. Prospective buyers should review the legal pack and allow for renovation, safety and compliance works before re-letting or resale.
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