Summary - 23 TEES STREET HORDEN PETERLEE SR8 4NF
2 bed 1 bath Terraced
Low-price buy-to-let with long-term tenant and short-term upgrade potential.
Long-term tenant in situ with consistent rent payments
Current gross income £5,100; market potential £5,688 per year
Low purchase price £49,000 — entry-level investor opportunity
Victorian mid-terrace, freehold; typical two-storey layout
Requires updating and general maintenance; cosmetic refurbishment likely
Small plot and average room sizes; not spacious for families
Located in very deprived area with higher-than-average crime levels
Buyers Premium applies — factor into total acquisition costs
A straightforward buy-to-let suited to investors seeking an income-producing Victorian mid-terrace in Peterlee. The property is freehold with a long-term tenant in situ, producing a current gross income of £5,100 and an estimated market income of £5,688 if re-let at market rate. The purchase price of £49,000 positions this as a low-entry investment with potential for modest rent uplift.
The house offers two bedrooms, a spacious lounge and a modern kitchen but overall requires updating and general maintenance consistent with its age. The plot is small and rooms are average sized; the property will appeal to investors rather than owner-occupiers seeking space or modern finishes. Broadband and mobile signal are good, supporting tenant demand for connectivity.
Buyers should note the local context: the area is classed as very deprived with higher crime levels and blue-collar terraced streets. These factors can affect tenant turnover and capital growth. The current tenants report long-term residency and timely payments, which reduces immediate void risk. A Buyers Premium applies to secure the sale, so include that in your acquisition costs.
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