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Wilkinson Road, Horden, Peterlee

North East

£12,000

Listed on 21/05/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

This property presents a significant investment opportunity, particularly for cash buyers looking to undertake substantial renovations. Currently suffering from extensive fire damage, the house is being sold as seen, with no internal viewings available prior to auction. The layout includes an entrance hallway, lounge, dining room, kitchen, rear lobby and store on the ground floor, along with three bedrooms and a bathroom on the first floor. The exterior features front and rear gardens that can be transformed into inviting outdoor spaces once restored. Located in Horden, a coastal village in County Durham known for its community spirit and recent regeneration efforts, this property offers potential not only for residential use but also for rental income given its proximity to local amenities and transport links. With primary schools, independent shops, parks, and a railway station providing regular services to Newcastle and Middlesbrough nearby, it's an area poised for growth. Overall, while this property requires considerable work post-purchase, it holds promising potential for investors willing to navigate the challenges of refurbishment.

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

Wilkinson Road, Horden, Peterlee
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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
£43
Based on a loan of £9,000 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.

Stamp Duty Calculator

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