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Fairbairn Road, Peterlee, County Durham, SR8 5EN - Image 1
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Fairbairn Road, Peterlee, County Durham, SR8 5EN

North East

£59,950
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1314 sqft

Description

Situated in a well-connected part of Peterlee, this three-bedroom end-terraced home presents a promising canvas for renovation and investment. The property features a spacious layout that includes a lounge through dining room, kitchen with utility space, and a first-floor bathroom alongside a separate W/C. The generous rear garden offers ample outdoor space that could be transformed into an inviting area for leisure or gatherings. Upon entering, you are welcomed by an entrance hallway leading to the main living areas. The lounge through dining room is particularly noteworthy, boasting large windows that allow natural light to flood the space. This full-length reception room has the potential to be reconfigured for modern family living while retaining its charm with thoughtful updates. The kitchen, located at the rear of the property, is fitted with essential wall and base units, though it would benefit from modernization to enhance its functionality. A utility room adjacent to the kitchen provides practicality with plumbing for laundry appliances and direct access to the rear garden. Upstairs, the landing connects all three bedrooms and offers access to loft space for additional storage. The master bedroom is generously sized with views over greenery, presenting opportunities for personalized design elements. The second double bedroom overlooks the garden, making it suitable for either family members or guests. The third bedroom serves well as a single room but could also function as a study or nursery depending on your needs. The property's bathroom is equipped with necessary fixtures like a panel bath and overhead shower, while the separate W/C adds convenience on this level. Outside, the large enclosed garden is primarily laid to lawn but allows for creativity in landscaping or outdoor entertainment setups. This residence benefits from proximity to local schools, shops, and essential transport routes including easy access to the A19. With some thoughtful renovations and personal touches, this property has excellent potential not only as a comfortable family home but also as an attractive investment opportunity in a vibrant residential area.

Investment Analysis

(SR8 area)

Below Market Value

This property is priced -48.9% below area average per sq ft

-48.9%
Potential saving
This Property
£46/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
£129,146
10% above area average per sq ft
Potential ROI
+43.6%
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

Fairbairn Road, Peterlee, County Durham, SR8 5EN
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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
£220
Based on a loan of £44,962 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