Summary - 7 TENTH STREET HORDEN PETERLEE SR8 4NE
2 bed 1 bath Terraced
Newly updated two-bed terrace offering strong rental yield — auction sale, leasehold..
Achievable rent circa £400pcm — estimated 12% yield
Two double bedrooms; lounge and kitchen/diner layout
Recently updated interiors; double glazing and new flooring
Chain-free; sold via online auction — check T&Cs and timescales
Leasehold tenure — confirm lease length and ground rent/fees
Located in a very deprived area with high local crime rates
Compact rooms typical of early 20th-century terraces
Gated rear courtyard; mains gas central heating; EPC C
A compact, two-bedroom mid-terrace in Horden recently refreshed and presented as a ready-to-let investment. The property is offered chain-free and will be sold at auction, with an achievable rent of around £400pcm producing an approximate 12% yield at the guide price. Interiors are modernised with new double glazing and contemporary flooring; layout includes lounge, kitchen/diner, two double bedrooms and a family bathroom.
The house suits investors seeking immediate rental income in an area with strong demand but note the wider context: the neighbourhood is in a very deprived area with a high local crime rate. The property is leasehold, sold via online auction, and prospective buyers should check lease terms and auction conditions before bidding. Rooms are compact and the building — typical of early 20th-century terraced stock — appears to have cavity walls without added insulation.
Practical positives include mains gas central heating, fast broadband and excellent mobile signal, plus a gated rear courtyard for secure outdoor space. EPC C and low council tax band A help running costs. This is a straightforward buy-to-let opportunity for investors comfortable operating in challenged neighbourhoods and dealing with auction timetables.
Important negatives: leasehold tenure; sold at auction (strict timescales and conditions); area-level deprivation and high crime; compact room sizes and likely limited resale premium. For an investor prioritising yield and immediate occupancy, this property offers clear, measurable returns, provided the buyer factors in local market risks and lease/auction details.
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