This two-bedroom end-terraced home located in Horden, near Peterlee, represents a promising investment opportunity for those looking to enter the property market. Available through online auction with no onward chain, this residence overlooks a park, enhancing its appeal. Inside, the space includes a bright reception area and a basic bathroom, while the upper floor features two generously sized bedrooms with large windows that invite ample natural light. Additionally, there is a substantial loft room conversion that adds further potential to increase usable space.
Although the property requires updating, it presents significant opportunities for enhancement, which could increase both its value and rental yield substantially. Situated in a desirable residential neighborhood close to local amenities and transportation links, it is poised for success in the rental market, with an estimated monthly rental income of approximately £550—yielding a gross return of around 18.86% prior to refurbishment.
With its attractive location and expansive potential for renovation, this property is well-suited for investors seeking to maximize their returns or buyers eager to engage in a refurbishment project.
