Summary - 32 TENTH STREET HORDEN PETERLEE SR8 4NE
2 bed 1 bath Terraced
Auction lot: low guide price with refurbishment potential and strong local rental demand..
- Two-bedroom mid-terrace, circa 667 sqft (approx)
A 1930s mid-terrace two-bedroom property offered at auction with clear short-term upside for investors and developers. Sold vacant with freehold title (see legal pack), the house extends to about 667 sqft and includes an open-plan kitchen-diner, sitting room, family bathroom and an enclosed rear yard. Comparable refurbished lets in the area are cited at around £500 pcm, suggesting a strong yield after works.
The property is a straightforward renovation/refurbishment project rather than a ready-to-rent home. Details were compiled without internal inspection; buyers should expect repair needs, possible damp and general modernisation to kitchens, bathrooms and finishes. Services and appliances have not been tested — survey and legal checks are essential. EPC is C and glazing is double, though install dates are unknown.
Location is practical for rental demand: close to local rail, the North East coast and basic amenities, with fast broadband and excellent mobile signal. However, the area is classified as very deprived with high crime levels, which will affect tenant mix, rental premium and resale prospects. Auction sale includes an administration fee of £3,600 (inc. VAT) payable on exchange — factor this into purchase costs.
This lot suits cash buyers, buy-to-let investors prepared to refurbish, or developers experienced in working in challenged terraces. If you require secure long-term income, budget carefully for repairs, management and local demand characteristics before bidding.
2 bedroom terraced house for sale in 52 Eleventh Street, Horden, Peterlee SR8 4QQ, SR8 — £9,000 • 2 bed • 1 bath • 688 ft²
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 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 21 Warren Street, Horden, Peterlee SR8 4NA, SR8 — £9,000 • 2 bed • 1 bath • 753 ft²
2 bedroom terraced house for sale in 5 Warren Street, Horden, Peterlee SR8 4NA, SR8 — £9,000 • 2 bed • 1 bath • 765 ft²
2 bedroom terraced house for sale in 22 Warren Street, Horden SR8 4NA, SR8 — £9,000 • 2 bed • 1 bath • 753 ft²
