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York Road, Peterlee, SR8 2DP

North East

£70,000

Listed on 20/05/2026

Property Details

Bedrooms
4
Type
Semi Detached

Description

This auction property presents a solid opportunity for cash buyers looking to invest in a spacious four-bedroom semi-detached home. While the residence requires significant building works, it features some appealing updates such as a gas central heating system, double glazing, a refitted kitchen, and a quality refitted bathroom/W.C. The front offers an open plan lawn garden, while the rear is enclosed with flagged paving, providing potential for outdoor enhancements. With its size and layout conducive to family living, this property holds considerable investment potential for those willing to undertake renovations. The ground floor comprises an entrance hall leading into a lounge and sitting room, alongside a kitchen that could benefit from modernisation. The first floor offers four bedrooms and a compact bathroom. This property is ideally suited for buyers seeking a project in the North East.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
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

York Road, Peterlee, SR8 2DP
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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
£250
Based on a loan of £52,500 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.

Stamp Duty Calculator

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