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11 Tarn Close, Peterlee, County Durham SR8 5PB - Image 1
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11 Tarn Close, Peterlee, County Durham SR8 5PB

North East

£39,000
Listed on 16/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This two-bedroom end-terrace house presents a promising renovation project for investors or homeowners keen on adding personal touches. Located in a sought-after residential neighbourhood, the property spans approximately 70 sq m (753 sq ft) across two levels and offers both front and rear gardens, providing outdoor space that can be enhanced. The ground floor features an entrance hall leading to a generous living room measuring about 4.6m x 4.6m, alongside a kitchen with a dining area that opens to the enclosed rear yard—a perfect spot for potential landscaping or seating arrangements. On the first floor, you will find two well-sized bedrooms—one measuring approximately 3.6m x 3.6m—and a family bathroom needing modernisation throughout. This property is ideally suited for those looking to refurbish and either resell or rent out the home, particularly given the strong demand for similar housing in this region. Offered by auction, it is an opportunity not to be missed by those willing to invest time and resources into creating a desirable living space.

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

11 Tarn Close, Peterlee, County Durham SR8 5PB
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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
£143
Based on a loan of £29,250 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