Let-ready two-bed terrace in Horden — immediate income with refurbishment upside..
Tenant in situ paying £570pcm, almost 10% gross yield
Freehold two-bedroom mid-terrace, approx 741 sq ft
EPC C, mains gas boiler and radiators
Small yard, patio, decked area and rear parking
On-street parking to front; parking at rear available
Located in a very deprived area; average local crime
Sold with tenant—purchase subject to existing tenancy
Cosmetic updating/refurbishment potential to add value
A compact mid-terrace in Horden offered as a freehold investment with a tenant in situ. The current occupant pays £570 pcm, producing an almost 10% gross yield at the asking price — attractive for investors seeking immediate rental income. The property benefits from gas central heating and an EPC rating of C.
Internally the house provides a practical layout: entrance hall, lounge with bay window, open-plan kitchen/dining area and a lower-floor bathroom with a double walk-in shower. Two generous first-floor bedrooms provide straightforward, let-ready accommodation across about 741 sq ft. Externally there is a small yard, patio and decked area plus rear parking and on-street parking to the front.
Buyers should note material local factors and property realities. The home sits in a very deprived, blue-collar terrace area with average local crime rates and limited plot size. It is sold with the tenant remaining in place, so purchase will be subject to existing tenancy terms. While the property is habitable and currently let, there is clear potential to increase value through cosmetic updating and targeted refurbishment.