Summary - 71 SIXTH STREET HORDEN PETERLEE SR8 4JX
2 bed 1 bath Terraced
Low entry price for refurbishment investors seeking rental yield potential.
Freehold two-bedroom mid-terrace with vacant possession
Guide price £7,500 — strong upside with refurbishment
Requires significant repair: boarded windows, damaged kitchen flooring
C EPC; mains gas boiler and radiators in place
Enclosed rear yard; small plot with potential kitchen-diner
High local rental demand; comparable rents circa £550 pcm
Very high local crime and very deprived area — affects value
Auction sale (18 Nov 2025); £3,600 administration fee payable on exchange
Offered at an unusually low guide price, this two-bedroom mid-terrace presents clear opportunity for an investor or developer prepared to carry out repairs and refurbishment. The property is freehold, vacant on completion, and sits within a high rental-demand area where comparable refurbished homes can achieve around £550 pcm. With double glazing and gas central heating already present, basic services are in place for a swift turnaround.
The house is a Victorian-built terrace with small-to-medium rooms and standard ceiling heights. It currently shows signs of neglect — boarded windows, damaged/unclean kitchen flooring and general dilapidation — so a straightforward renovation or full refurbishment will be needed to bring it to market or rental standard. The enclosed rear yard and potential to form a kitchen-diner add practical value on a small plot.
Practical positives include excellent mobile signal, fast broadband, no flood risk and a C EPC rating. The property is close to local amenities, good-rated primary and secondary schools, public transport and the North East coast. These locational factors support rental appeal for young hard-pressed families in the area.
Material drawbacks that must be considered: the area records very high crime and very high deprivation, which will affect tenant demand and valuation; the property requires repair and refurbishment; an administration fee of £3,600 (inc VAT) is payable on exchange; and the sale will proceed via an online auction (opening 18 November 2025) so buyers should review the full legal pack and allow time for due diligence. All services and measurements should be independently verified.
2 bedroom terraced house for sale in 89 Sixth Street, Horden, Peterlee SR8 4JX, SR8 — £8,000 • 2 bed • 1 bath • 753 ft²
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2 bedroom terraced house for sale in 23 Warren Street, Horden SR8 4NA, SR8 — £9,000 • 2 bed • 1 bath • 753 ft²
2 bedroom terraced house for sale in 70 Sixth Street, Horden SR8 4JX, SR8 — £9,000 • 2 bed • 1 bath • 776 ft²
2 bedroom terraced house for sale in 2 Tees Street, Horden, Peterlee, County Durham SR8 4NF, SR8 — £9,000 • 2 bed • 1 bath • 683 ft²
2 bedroom terraced house for sale in 5 Warren Street, Horden, Peterlee SR8 4NA, SR8 — £9,000 • 2 bed • 1 bath • 765 ft²
