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Park Terrace, Horden, Peterlee, Durham, SR8 4JG - Image 1
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Park Terrace, Horden, Peterlee, Durham, SR8 4JG

North East

£20,000
Listed on 14/05/2026

Property Details

Bedrooms
2
Type
End Of Terrace

Description

This two-bedroom end-terraced home in Horden offers a promising investment prospect with significant refurbishment possibilities. Currently requiring updates, the property could generate an estimated rental income of around £550 per month, resulting in an attractive gross rental yield of 18.86% prior to any renovations. The home's advantageous position facing a park enhances its appeal and desirability within the rental market. The interior features a spacious reception area and a bathroom equipped with essential fittings. On the upper level, you will find two generous bedrooms that are filled with natural light thanks to their large windows, complemented by an additional sizeable loft room conversion which could further increase the living space or rental value. While the property requires some modernization, it holds considerable potential for investors ready to enhance both its market value and rental income. Its location within a sought-after residential area ensures easy access to local amenities, schools, and transport links—factors that are vital for attracting prospective tenants. The absence of a chain adds convenience for buyers looking to seize this opportunity for improvement and financial return.

Investment Analysis

(SR8 area)
Area Average
£91/sq ft
Avg Rent (weekly)
£125
Avg Yield
7.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £30,000
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 +17.3% over the last 12 months
3 year growth: +7.6%
5 year growth: +15.1%
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

Park Terrace, Horden, Peterlee, Durham, SR8 4JG
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£71
Based on a loan of £15,000 over 30 years at 3.97% 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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