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Eighth Street, Peterlee, County Durham, SR8 - Image 1
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Eighth Street, Peterlee, County Durham, SR8 - Image 3
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Eighth Street, Peterlee, County Durham, SR8 - Image 5

Eighth Street, Peterlee, County Durham, SR8

North East

£35,000
Listed on 20/08/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
753 sqft

Description

This two-bedroom mid-terraced house in Horden presents a unique opportunity for renovation and investment. Positioned in a well-connected area, the property's location offers proximity to local amenities, schools, and transport links, making it an appealing option for both residents and tenants. Inside, the home features a spacious 15ft living room that serves as a welcoming space for relaxation and gatherings. The adjacent kitchen/diner, also measuring 15ft, is well-suited for family meals and entertaining, providing a functional layout that maximizes the available space. Upstairs, there are two generously sized bedrooms that allow for various configurations—each can serve as private retreats or functional workspaces depending on your needs. Natural light flows through these rooms, enhancing their versatility. The upstairs bathroom adds convenience to daily routines but is in need of modernization. This aspect of the property allows buyers to customize the space according to their taste and preferences. A manageable rear yard complements the interior space, offering potential for outdoor enjoyment or further landscaping projects. This area could easily be transformed into an inviting outdoor retreat. Notably, this property is being offered with no onward chain, simplifying the purchasing process for prospective buyers eager to start their renovation journey. While some cosmetic updates and repairs are required, these elements provide an excellent canvas for those looking to invest time and effort into enhancing value. Overall, this characterful home combines traditional terraced charm with significant potential for improvement. Whether you're a first-time buyer eager to create your ideal living space or an investor seeking a project with promising returns, this property stands out as a solid opportunity in Horden.

Investment Analysis

(SR8 area)

Below Market Value

This property is priced -48.0% below area average per sq ft

-48.0%
Potential saving
This Property
£46/sq ft
Area Average
£89/sq ft
Avg Rent (weekly)
£128
Avg Yield
7.1%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £10,000
Target Value
£74,009
10% above area average per sq ft
Potential ROI
+64.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (SR8)

Area prices are rising by +20.3% over the last 12 months
3 year growth: 8.7%
5 year growth: 24.1%
Investment Disclaimer: Analysis based on SR8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Eighth Street, Peterlee, County Durham, SR8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£128
Based on a loan of £26,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE