Summary - Edward House, Sixth Street SR8 4JX
2 bed 1 bath End of Terrace
High rental yield potential in an affordable, newly upgraded home near local amenities.
Turnkey two-bedroom end-terrace with recent major upgrades
A compact two-bedroom end-terrace offering turnkey rental potential in Horden, Peterlee. Extensive recent works include a new combi boiler, radiators, full electrical rewire, new double glazing and rear door, damp course and around 90% of plumbing replaced — meaning immediate lets are realistic with minimal initial spend.
Calculated at a potential £475 pcm, the property shows an estimated annual yield of about 11.4%, making it appealing to investors seeking income in an affordable price band. The layout provides two double bedrooms, a reception room and a modern bathroom across two storeys, with a practical kitchen/diner and useful storage.
Buyers should note material location and physical details: the area scores high for crime and deprivation, the plot is small with no garden or garage, and the building dates from the 1930s with assumed cavity walls and no added insulation. The property will be sold at auction and is offered freehold — attractive for an investor or a first-time buyer prioritising value, but not suited to those seeking a quiet, suburban setting or a substantial outdoor space.
Overall this is a straightforward, low-entry-cost investment or starter home with most major systems recently upgraded. It suits purchasers prepared to manage lettings in a challenged neighbourhood or to further improve energy performance and external amenity if desired.
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