Summary - 6 Tenth Street, Horden, PETERLEE SR8 4NE
2 bed 1 bath Terraced
Chain-free auction buy with off-street parking and strong rental potential.
Achievable rent c. £425pcm, potential yield over 14.6%
A straightforward investment opportunity in Horden: a two-bedroom mid-terrace with achievable rent around £425pcm and a projected yield over 14.6%. Offered freehold and chain-free, the property will be sold via online auction — a fast route for buyers seeking immediate acquisition.
The house provides practical accommodation across two storeys with a lounge, kitchen/diner, family bathroom and two double bedrooms. At about 754 sq ft, the layout is conventional and suited to rental demand; a gated rear courtyard delivers rare off-street parking for the street.
The property requires modernization and cosmetic refurbishment; buyers should budget for updates and check the EPC (currently TBC). The location is in a very deprived area with higher-than-average crime and blue-collar terraces, which will influence tenant demand and management considerations.
Strong positives for investors are the low purchase price, freehold tenure, no onward chain and excellent mobile/broadband connectivity. Drawbacks to factor in include area deprivation, maintenance needs, small plot size, and the auction sale process — suitable for cash or quick-completion buyers prepared to refurbish.
2 bedroom terraced house for sale in Tenth Street, Horden, Peterlee, Durham, SR8 4NE, SR8 — £35,000 • 2 bed • 1 bath • 777 ft²
2 bedroom terraced house for sale in Seventh Street, Horden, Peterlee, Durham, SR8 4LX, SR8 — £45,000 • 2 bed • 1 bath • 711 ft²
2 bedroom terraced house for sale in 32 Tenth Street, Horden, Peterlee, County Durham SR8 4NE, SR8 — £15,000 • 2 bed • 1 bath • 732 ft²
2 bedroom semi-detached house for sale in Eleventh Street, Horden, Peterlee, Durham, SR8 4QQ, SR8 — £30,000 • 2 bed • 1 bath • 743 ft²
2 bedroom end of terrace house for sale in Sixth Street, Horden, Peterlee, Durham, SR8 4JX, SR8 — £45,000 • 2 bed • 1 bath • 1012 ft²
2 bedroom terraced house for sale in Seventh Street, Horden, Peterlee, Durham, SR8 4LX, SR8 — £30,000 • 2 bed • 1 bath • 722 ft²
