This two-bedroom mid-terraced property in the well-established residential area of Horden, Peterlee, presents a promising opportunity for renovation enthusiasts and investors. Offered with vacant possession, the home requires a comprehensive refurbishment, making it ideal for builders and developers looking to maximize the potential value. The layout includes a lounge, kitchen, two bedrooms, a bathroom, and an enclosed rear yard, all ripe for modernisation to meet contemporary standards.
With the current strong demand for rental properties in Horden, refurbished homes of this type typically achieve rental prices ranging from £550 to £650 per month. Recent sales in the vicinity have demonstrated considerable market strength, suggesting that after renovations, this property could be resold at an attractive price point.
The location benefits from convenient access to local amenities such as shops and schools, as well as excellent transport links via the A19 and nearby railway connections to major cities like Newcastle and Sunderland. This property is being sold at auction and offers an exciting chance to create either a profitable rental investment or a desirable home for resale.
