Worst House on the Street Logo
115 Oak Road, Peterlee, County Durham SR8 3HU - Image 1
115 Oak Road, Peterlee, County Durham SR8 3HU - Image 2
115 Oak Road, Peterlee, County Durham SR8 3HU - Image 3
115 Oak Road, Peterlee, County Durham SR8 3HU - Image 4
115 Oak Road, Peterlee, County Durham SR8 3HU - Image 5
115 Oak Road, Peterlee, County Durham SR8 3HU - Image 6
115 Oak Road, Peterlee, County Durham SR8 3HU - Image 7
115 Oak Road, Peterlee, County Durham SR8 3HU - Image 8
115 Oak Road, Peterlee, County Durham SR8 3HU - Image 9
115 Oak Road, Peterlee, County Durham SR8 3HU - Image 10
115 Oak Road, Peterlee, County Durham SR8 3HU - Image 11
115 Oak Road, Peterlee, County Durham SR8 3HU - Image 12
115 Oak Road, Peterlee, County Durham SR8 3HU - Image 13
115 Oak Road, Peterlee, County Durham SR8 3HU - Image 14
115 Oak Road, Peterlee, County Durham SR8 3HU - Image 15
115 Oak Road, Peterlee, County Durham SR8 3HU - Image 16

115 Oak Road, Peterlee, County Durham SR8 3HU

North East

£55,000

Listed on 10/06/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

This three-bedroom semi-detached house presents a noteworthy opportunity for both homebuyers and investors, featuring a freehold tenure and vacant possession. The property boasts ample living space, including a bright bay-fronted living room that flows into a spacious dining area, complemented by a fitted kitchen/breakfast room with direct access to the rear garden. While the interiors are generally functional, cosmetic updates will enhance its appeal and significantly increase value potential. The first floor accommodates three well-proportioned bedrooms alongside a family bathroom equipped with a white suite and shower over bath. Outside, the property is set within established gardens, with the rear offering expansive outdoor space complemented by an outbuilding for additional storage or possible refurbishment. Located within a convenient residential area, residents will benefit from nearby amenities, schools, and transport links. This property's combination of space and scope for improvement makes it an ideal candidate for renovation projects aimed at capturing strong resale or rental yields.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

115 Oak Road, Peterlee, County Durham SR8 3HU
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£208
Based on a loan of £41,250 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.

Stamp Duty Calculator

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.