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1 & 1A Vincent Street, Peterlee, SR8 3PP

North East

£40,000
Listed on 10/01/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This two-storey end-of-terrace property presents a unique opportunity for developers and investors looking to capitalize on its refurbishment potential. Comprising two separate flats – a 2-bedroom unit on the ground floor and a larger 3-bedroom unit on the first floor – this property is currently unoccupied and requires modernisation throughout. Located in Easington Colliery within Peterlee, it benefits from close proximity to local amenities such as shops and cafes, making it an attractive option for future tenants or buyers. With convenient access to Horden Railway Station and major road links via the A19, the location is ideal for commuting across the North East. This property’s renovation could significantly enhance its value in a highly accessible area.

Investment Analysis

(SR8 area)
Area Average
£91/sq ft
Avg Rent (weekly)
£127
Avg Yield
6.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
59%
Properties sold annually

Local Market Trend (SR8)

Area prices are rising by +20.0% over the last 12 months
3 year growth: 6.3%
5 year growth: 21.2%
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

1 & 1A Vincent Street, Peterlee, SR8 3PP
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£147
Based on a loan of £30,000 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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