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Adrian Place, Peterlee, County Durham, SR8 5SR - Image 10
Adrian Place, Peterlee, County Durham, SR8 5SR - Image 11

Adrian Place, Peterlee, County Durham, SR8 5SR

North East

£60,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
990 sqft

Description

This three-bedroom home is situated in the desirable Adrian Place area of Peterlee, presenting a compelling opportunity for both first-time buyers and investors looking to capitalize on its renovation potential. The property offers a spacious layout with multiple living areas, making it suitable for customization to meet personal or rental needs. Upon entering, the welcoming hallway leads to a generously sized lounge featuring a charming fireplace and large front-facing windows, creating an inviting atmosphere filled with natural light. The open flow into the dining area enhances the space, making it ideal for gatherings and daily family life. The kitchen, equipped with traditional wooden units and integrated appliances, has great potential for modern updates to suit contemporary tastes. A rear door provides direct access to the garden, bridging indoor and outdoor living. The ground floor also includes a practical W/C, adding convenience for residents and guests alike. Moving upstairs, you’ll find three well-proportioned bedrooms that offer flexibility in their use—perfect for families or as home offices. The master bedroom benefits from ample natural light and space for furnishings, while the second bedroom overlooks the garden. The third bedroom serves as an adaptable space that can easily transform according to your needs. The expansive family bathroom provides room for improvement with its sizable layout and classic fixtures. With some updates, it could become a modern retreat. Externally, the property features low-maintenance gardens both at the front and rear; the backyard is primarily paved with planted borders and allows easy access to a separate single garage—an asset not typically found in similar homes. This outdoor space provides opportunities for relaxation or gardening without significant upkeep demands. In terms of location, residents will appreciate being close to Castle Eden Dene National Nature Reserve, offering scenic walks and outdoor activities right on your doorstep. Local amenities such as schools, shops, and transport links are conveniently nearby, enhancing everyday living. Currently tenanted at £495 per month with potential for vacant possession if needed, this property presents an attractive investment or renovation project in a growing area of Peterlee. Whether you’re looking to personalize your first home or add to your investment portfolio, this property’s features and location provide versatile possibilities.

Investment Analysis

(SR8 area)

Below Market Value

This property is priced -30.5% below area average per sq ft

-30.5%
Potential saving
This Property
£61/sq ft
Area Average
£87/sq ft
Avg Rent (weekly)
£135
Avg Yield
7.7%

Renovation Potential

Est. Renovation Cost
£6,000 - £15,000
10-25% of property value
Target Value
£94,906
10% above area average per sq ft
Potential ROI
+26.5%
After renovation
Monthly Sales
34
Average per month
Market Turnover
46%
Properties sold annually

Local Market Trend (SR8)

Area prices are rising by +21.0% over the last 12 months
3 year growth: 7.3%
5 year growth: 24.4%
Investment Disclaimer: Analysis based on SR8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Adrian Place, Peterlee, County Durham, SR8 5SR
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