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Eighth Street, Peterlee, County Durham SR8 - Image 1
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Eighth Street, Peterlee, County Durham SR8

North East

£35,000
Listed on 12/07/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom mid-terraced house in Horden presents a noteworthy opportunity for renovation and investment. Located in a well-connected area, the property is ideally positioned for those looking to customize their living space or capitalize on its potential as a rental. The interior features a spacious 15-foot living room that serves as a welcoming area for relaxation and socializing. Adjacent to this space is a sizable kitchen/diner measuring 15 feet, which provides ample room for family gatherings and culinary pursuits. The layout promotes easy movement between rooms while allowing for reconfiguration if desired. Upstairs, you’ll find two well-sized bedrooms that can be adapted to meet your specific needs—whether used as personal sanctuaries, functional home offices, or guest accommodations. Natural light filters through the spaces, highlighting their versatility and potential. An upstairs bathroom adds convenience to daily routines but signifies another area ripe for improvement. This presents an excellent chance to implement your personal style and renovations tailored to modern standards. Outside, the rear yard offers manageable outdoor space ideal for gardening or creating an inviting lounge area. This area could be transformed into an appealing outdoor retreat with some thoughtful landscaping or enhancements. Notably, the property comes with no onward chain, which simplifies the buying process for interested buyers. While it does require cosmetic updates and minor repairs, these aspects make it particularly attractive to investors or anyone eager to increase property value through renovations. Conveniently located near local amenities, schools, and public transport links, this home combines accessibility with residential charm. Its traditional mid-terraced design offers practicality while providing a blank canvas for creative expression. Whether you’re a first-time buyer looking to shape your dream residence or an investor seeking a promising project with growth potential, this property in Horden invites exploration. Contact us today to arrange a viewing and discover what this home has to offer.

Investment Analysis

(SR8 area)
Area Average
£89/sq ft
Avg Rent (weekly)
£133
Avg Yield
7.6%

Renovation Potential

Est. Renovation Cost
£3,500 - £8,750
10-25% of property value
Monthly Sales
34
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (SR8)

Area prices are rising by +19.3% over the last 12 months
3 year growth: 5.0%
5 year growth: 21.1%
Investment Disclaimer: Analysis based on SR8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Eighth Street, Peterlee, County Durham SR8
Map showing location of Eighth Street, Peterlee, County Durham SR8
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