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Cheviot Place, Peterlee, County Durham, SR8 - Image 1
Cheviot Place, Peterlee, County Durham, SR8 - Image 2
Cheviot Place, Peterlee, County Durham, SR8 - Image 3
Cheviot Place, Peterlee, County Durham, SR8 - Image 4
Cheviot Place, Peterlee, County Durham, SR8 - Image 5
Cheviot Place, Peterlee, County Durham, SR8 - Image 6
Cheviot Place, Peterlee, County Durham, SR8 - Image 7
Cheviot Place, Peterlee, County Durham, SR8 - Image 8
Cheviot Place, Peterlee, County Durham, SR8 - Image 9
Cheviot Place, Peterlee, County Durham, SR8 - Image 10
Cheviot Place, Peterlee, County Durham, SR8 - Image 11

Cheviot Place, Peterlee, County Durham, SR8

North East

£55,000
Listed on 20/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terraced home in Peterlee offers a promising opportunity for those looking to invest in a property with significant renovation potential. Available with no onward chain and set for auction, this residence is a blank canvas awaiting your creative touch. The front of the property features a paved garden with raised borders that enhance the outdoor space, along with off-street parking—a desirable convenience in this residential neighborhood. Upon entering, you are welcomed by a porch that leads into the entrance hall, providing access to the staircase and an inviting entry point. The kitchen sits at the front of the house, bathed in natural light from a window that overlooks the garden. Its functional layout includes space for essential appliances and presents an opportunity for modern updates. The highlight of the ground floor is the expansive living and dining area, which spans 21 feet across the width of the property. With sliding doors that open onto a rear paved area, this room is well-suited for family gatherings or entertaining while offering seamless indoor-outdoor living. Upstairs, you will find three bedrooms, each equipped with built-in wardrobes to maximize storage space. The family bathroom is fitted with a double shower and offers practicality while leaving room for potential enhancement. The rear outdoor area presents a tranquil retreat with views over adjacent fields, adding to the sense of openness and serenity. While some modernization is required, this property provides ample opportunity to increase its value through refurbishment and personal touches. Located in an established residential area of Peterlee, this home is conveniently positioned near local amenities, schools, and transport links. With its spacious layout and potential for improvement, this property represents an excellent investment opportunity for buyers seeking to create their ideal family home or capitalize on rental prospects.

Investment Analysis

(SR8 area)
Area Average
£89/sq ft
Avg Rent (weekly)
£128
Avg Yield
7.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Cheviot Place, 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
£201
Based on a loan of £41,250 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