Summary - 81 SEVENTH STREET HORDEN PETERLEE SR8 4LX
2 bed 1 bath Terraced
Chain-free investment with tenant and off-street parking.
Two double bedrooms with lounge and kitchen/diner layout
A straightforward investment opportunity in Horden: this two-bedroom mid-terrace is offered chain-free with a tenant in place generating an annual income of £4,200. The brick Victorian facade and period mid-terrace form give the house street appeal while the compact footprint keeps running costs lower. Freehold tenure, off-street parking and mains gas heating add practical value for a buy-to-let portfolio.
Internally the property is functionally laid out over two floors with a lounge, kitchen/diner, two double bedrooms and a single bathroom. The home is double glazed (install date unknown) and has a gas-fired boiler with radiators. Cavity walls appear to lack installed insulation, so improving thermal efficiency would be a sensible upgrade to reduce bills and improve the EPC rating.
The location suits investors targeting steady rental yield rather than capital uplift. The area is classified as very deprived with high local crime and hard-pressed rented terraces, so expect demand from local tenants and limited scope for premium rents. The property is modest in size (approx. 722 sq ft) with a small plot and rear yard; it suits low-maintenance ownership or a modest refurbishment package to enhance rental appeal.
Buyers should factor refurbishment and ongoing management into the purchase. The property sells with a sitting tenant; inspections and sale terms will need to accommodate that tenancy. Council Tax Band A and the compact room sizes keep holding costs low, but the surrounding area profile and required modernisation will influence exit strategies and resale value.
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