This two-bedroom end-terraced home in Horden, located near Peterlee, offers a promising investment prospect with excellent rental yields. The property is sold via online auction and is available with no upward chain, making it an attractive option for investors seeking immediate opportunities. With a lovely park view from the front, this home benefits from ample natural light in its spacious reception room and two well-sized bedrooms upstairs. Additionally, a loft room conversion adds further living space, ripe for improvement or refurbishment.
While the interior could use some updates to reach its full potential, the property stands out as an ideal candidate for enhancing both value and rental income. With local amenities, schools, and transport links nearby, this location is appealing to renters. The estimated rental income sits around £550 per month, which translates to an impressive pre-refurbishment gross yield of approximately 18.86%. This makes it a viable buy-to-let investment or a project for homeowners looking to add value through renovations.
Viewing is highly recommended to appreciate the full scope of what this property can achieve through thoughtful refurbishment.
