£15,000
Est. Mortgage £69 per month*

2 bedroom terraced house for sale

Peterlee, County Durham SR8 4NE
terraced house terraced house
bedrooms 2 bedrooms

Property description

Auction Commencing on Monday 01st December at 1pm and ending 24 hours later on Tuesday 02nd December at 1pm with Auction House North East

Please register to bid via our website - auctionhouse.co.uk/northeastTwo-Bedroom Mid-Terrace House – Ideal Investment OpportunityThis two-bedroom mid-terrace property offers an excellent opportunity for investors or developers seeking a refurbishment project with strong rental potential. Situated in the popular residential area of Horden, the property is within easy reach of local amenities, transport links, and the nearby coast.

The accommodation is arranged over two floors and comprises a spacious living room, kitchen/dining area, and rear access to a small yard. To the first floor are two well-proportioned bedrooms and a bathroom. The property requires a full scheme of refurbishment throughout, presenting an ideal blank canvas for improvement and value enhancement.

Once modernised, the property would make an attractive buy-to-let investment or first-time buyer home, benefiting from double glazing, gas connections, and a traditional terrace layout.

Accommodation

Ground Floor: Entrance hall, living room, dining area, kitchen.

First Floor: Landing, two bedrooms, bathroom.

Exterior: Enclosed rear yard with access to rear lane.

Approximate Floor Area: 68 sq m (732 sq ft)
EPC Rating: TBC
Council Tax Band: A

Investment Potential:
Comparable properties in the area, once refurbished, achieve rental figures in the region of £475–£525 pcm and resale values between £65,000–£75,000, subject to condition.

Tenure: FreeholdTenure: FreeholdEPC Rating: CAdministration Fee: £3600 inc VAT payable on exchange of contracts.Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

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Property photos

Peterlee, County Durham SR8 4NE

Marketed by

Auction House - North East 15 Beach Road South Shields, Tyne & Wear NE33 2QA
Call agent on 020 8115 2054
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