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Baldwin Street, Easington Colliery, Peterlee

North East

£25,000
Listed on 01/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
839 sqft

Description

This property presents a unique opportunity for renovation and investment, situated in a well-regarded area within easy reach of local amenities and the coast. The terraced house features two spacious double bedrooms and two reception rooms, providing a solid foundation for potential improvements and modernizations. Upon entering, you are greeted by an entrance hall that leads to the living room, which boasts a traditional fireplace and a pleasant view through the front-facing UPVC double-glazed window. The adjoining dining room offers additional space for entertaining or family gatherings. The kitchen, while functional with fitted units and essential appliances including an oven and hob, stands ready for updates that could enhance its appeal. The first floor comprises two generously sized bedrooms, both equipped with UPVC windows allowing natural light to fill the spaces. A bathroom completes this level, featuring essential fixtures that may benefit from contemporary upgrades. Externally, the property includes a rear yard, offering outdoor space that can be transformed into a charming garden or patio area with some creativity. As it stands, this home is in need of refurbishment but holds significant investment potential. With projected rental yields exceeding 14%, it could serve as a lucrative addition to any portfolio or as a starter project for a buyer looking to make their mark in property development. Baldwin Street's proximity to essential amenities and coastal attractions further enhances its desirability for both tenants and homeowners alike. This property will be sold through an online auction with clear terms and conditions aimed at ensuring transparency throughout the bidding process. Interested parties are encouraged to review the legal pack available upon request to facilitate informed bidding decisions.

Investment Analysis

(SR8 area)

Below Market Value

This property is priced -66.7% below area average per sq ft

-66.7%
Potential saving
This Property
£30/sq ft
Area Average
£89/sq ft
Avg Rent (weekly)
£128
Avg Yield
7.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£82,461
10% above area average per sq ft
Potential ROI
+49.9%
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

Baldwin Street, Easington Colliery, Peterlee
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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
£92
Based on a loan of £18,750 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