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Seventh Street, Horden, Peterlee, Durham, SR8 4LX - Image 1

Seventh Street, Horden, Peterlee, Durham, SR8 4LX

North East

£22,000
Listed on 25/10/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom mid-terraced property in Horden, County Durham, presents a compelling opportunity for renovation and investment. Located conveniently near Horden train station and within reach of the scenic coastline and the Horden Nature Grasslands nature reserve, the property benefits from a desirable location that appeals to both residents and potential tenants. The interior of the home is currently in need of refurbishment, allowing new owners to personalize the space to their tastes. The layout includes a living room, kitchen, two bedrooms, and a bathroom, providing a solid foundation for updates. With the right renovations, this property could serve as an attractive rental option or be transformed for resale at a profit. Demand for rental properties in this area has shown promise, with potential yields exceeding 10%, making it particularly appealing for buy-to-let investors. The rear yard offers additional outdoor space which can also be enhanced to increase its value further. This home is being sold via auction under straightforward terms that facilitate bidding from anywhere at any time. Interested buyers are encouraged to conduct viewings by appointment through local agents or directly with the auction house. As it stands, this property represents not just a home but also an investment ripe with potential for those willing to take on a project.

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 - £30,000
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

Seventh Street, Horden, Peterlee, Durham, SR8 4LX
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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
£81
Based on a loan of £16,500 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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