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Neville Road, Peterlee

North East

£57,999
Listed on 29/04/2026

Property Details

Bedrooms
2
Type
Semi Detached
Area
743 sqft

Description

This two-bedroom semi-detached house located on Neville Road in Peterlee offers a strong opportunity for investors or first-time buyers looking to make their mark. With a total area of 743 square feet, the property features a spacious reception room that can be transformed into a modern living area with some updating. Both bedrooms provide generous dimensions, suitable for comfortable living arrangements, while the conveniently located bathroom adds to the property's appeal. Central heating powered by gas ensures comfort throughout the year, although the interior may benefit from cosmetic upgrades to enhance its value further. The front and rear gardens offer potential for landscaping or outdoor enhancements, making it an appealing feature for tenants or future homeowners. Set within proximity to local schools and amenities, this property has a projected rental income of around £595 per month, presenting a solid investment opportunity. This semi-detached house on Neville Road is not only functional but also holds promise for those willing to invest in renovations to increase its allure and marketability.

Investment Analysis

(SR8 area)

Below Market Value

This property is priced -16.3% below area average per sq ft

-16.3%
Potential saving
This Property
£78/sq ft
Area Average
£93/sq ft
Avg Rent (weekly)
£127
Avg Yield
7.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£76,254
10% above area average per sq ft
Potential ROI
-8.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (SR8)

Area prices are rising by +17.2% over the last 12 months
3 year growth: +6.9%
5 year growth: +17.1%
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

Neville Road, Peterlee
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£205
Based on a loan of £43,499 over 30 years at 3.91% 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.

Stamp Duty Calculator

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