Summary - 26 Tenth Street, Horden, PETERLEE SR8 4NE
2 bed 1 bath Terraced
Low-price buy-to-let with immediate rental history and uplift potential.
- Chain free and sold for cash buyers only
- Previously let at £450pcm (investment history)
- Strong gross yield: approx. 12% at current rent
- No garden or off-street parking visible
- Located in a very deprived area with high crime
- Cavity walls assumed uninsulated; likely upgrades needed
- Compact mid-terrace footprint, approx. 744 sq ft
- Broadband fast and mobile signal excellent
A compact two-bedroom mid-terrace offering clear investor potential in Horden, presented chain free and for cash purchasers only. Previously tenanted at £450pcm, the asset delivers strong gross rental yield against a low entry price, making it suitable for buy-to-let specialists or portfolio builders seeking high-yield opportunities.
The property is a traditional red-brick Victorian terrace (c.1900–1929) with a practical layout: lounge and rear kitchen on the ground floor, two bedrooms and bathroom above. Internally the kitchen shows more recent cosmetic updates (white units, black tiled floor) but overall fittings suggest further modernisation could increase rental value or owner-occupier comfort. The home is gas-heated via boiler and radiators and has a modest internal footprint (approximately 744 sq ft).
Buyers should factor in the location and maintenance considerations. The postcode sits in a very deprived area with high local crime statistics and limited external space — there is no visible garden or off-street parking. Cavity walls are assumed to lack added insulation and some elements may require attention after tenancy use. Broadband and mobile signal are good, and council tax is low, which supports rental demand in this market.
For an investor able to purchase without mortgage delay, this is a straightforward, low-price entry into the Peterlee/Horden lettings market. The property suits a hands-on buyer prepared to complete light-to-moderate refurbishment works and manage tenancies in a challenging area to realise the full income potential.
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