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Oak Road, Easington, Peterlee, Durham, SR8 3HS

North East

£60,000

Listed on 04/06/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

This three-bedroom semi-detached home in Peterlee offers a unique opportunity for renovation and investment. With its advantageous position providing sea views, the property boasts spacious living areas and a generous private garden, ideal for those looking to create their dream family home or a profitable rental investment. The interior comprises three well-sized bedrooms and two adaptable reception rooms, which can be transformed to suit various needs such as an office or extra bedroom. While the fitted kitchen and family bathroom are functional, there is ample room for modernization and customization to enhance comfort and aesthetics. The expansive plot of land invites potential extensions or landscaping projects, making it a perfect canvas for creative revitalization (subject to planning permissions). Additionally, the elevated location not only allows for lovely coastal views but also facilitates easy access to local amenities and transport links. This property is a solid foundation for anyone looking to invest in a renovation project that promises significant returns.

Investment Analysis

(SR8 area)
Area Average
£91/sq ft
Avg Rent (weekly)
£135
Avg Yield
7.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (SR8)

Area prices are rising by +9.5% over the last 12 months
3 year growth: +4.6%
5 year growth: +8.1%
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

Oak Road, Easington, Peterlee, Durham, SR8 3HS
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£227
Based on a loan of £45,000 over 30 years at 4.45% 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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