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Forth Close, Peterlee, County Durham, SR8 - Image 1
Forth Close, Peterlee, County Durham, SR8 - Image 2
Forth Close, Peterlee, County Durham, SR8 - Image 3

Forth Close, Peterlee, County Durham, SR8

North East

£58,000Guide Price

Listed on 04/09/2026

The listing

Property details

Bedrooms
4
Type
Detached

Description

This four-bedroom detached house on Forth Close in Peterlee offers a significant opportunity for investors and buyers looking to undertake a renovation project. Set on a generous plot, the property features front and side gardens and enjoys views over open fields to the rear, enhancing its appeal. Internally, the residence provides spacious accommodation throughout, presenting excellent potential for improvement and reconfiguration, subject to necessary consents. The home requires full renovation, making it a blank canvas for those eager to add value and personalize their living space. The ground floor comprises an entrance hall leading to a large lounge and a separate dining room, both of which are well-proportioned for family living and entertaining. The kitchen is spacious and ripe for redesign and modernisation, complemented by a convenient downstairs WC. On the first floor, there are four good-sized bedrooms that offer flexible options for families or home working, along with a family bathroom. The layout provides ample opportunity to create a modern, desirable family home once refurbishment is complete. Externally, the property benefits from gardens at both the front and side, allowing for landscaping and enhancement. A driveway provides off-road parking and leads to a detached garage, which offers additional storage or workshop potential. The rear of the property boasts pleasant views, ensuring a sense of privacy rarely found in residential developments. Located in a popular area of Peterlee, this property is conveniently situated near local amenities, schools, transport links, and commuting routes, making it an attractive prospect for various buyers. With generous accommodation, a sizeable plot, garage, driveway, and immense potential for improvement, this property warrants early viewing to fully appreciate its scope and location.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

62out of 100
Grade CPotential opportunity

Confidence: LOW

This four-bedroom detached house on Forth Close presents a notable opportunity for those looking to invest in a significant renovation project. The asking price of £65,000 is appealingly low compared to the local average of £95,723, making it an attractive buy for buyers who can see past its current poor condition. The property offers a generous plot size and spacious interiors, ideal for reconfiguration to create a modern family home with great potential for value increase after refurbishment.

However, the property requires extensive work, with the kitchen and overall interiors showing signs of neglect. The garden is also in poor condition, which adds to the scope of the project. This is a full-gut job, meaning it will need considerable investment and effort to bring it up to standard. While the potential for improvement is significant, prospective buyers should be prepared for a comprehensive renovation budget estimated between £100,000 and £150,000. If you are willing to take on a heavy project, this house could transform into a desirable residence in a good location.

Key opportunities

  • Generous plot size allows for landscaping and outdoor enhancements.
  • Spacious interior layout provides excellent scope for reconfiguration into a desirable family home.
  • Potential for significant value increase post-renovation, appealing to both investors and developers.

Key risks

  • Stripped interiors and a £100,000–£150,000 works budget make this a full-gut programme, not a refresh.
  • Overall condition shows signs of neglect, which may deter some buyers.

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Map

Location

Forth Close, Peterlee, County Durham, SR8
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£219
Based on a loan of £43,500 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.

Tax

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Indicative tax based on the asking price and the options you select.

Pricing

Price history

-10.8% since listed
£58,000£7,000(-10.8%)
22/09/2026
Current price
£65,000Initial listing
06/09/2026

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