£25,000
Sixth Street, Peterlee
2 bedroom terraced house for sale
Location: Sixth Street, Horden, Peterlee, SR8 4JX.
Property Type: 2-Bedroom Mid-Terraced House.
Guide Price: £30,000 – £45,000 (Subject to condition).
Current Average Rental: £450 – £550 pcm.
Potential Gross Yield: 13% – 16%.
Postcode Performance: 119% increase in average sold prices
The Opportunity
Situated in the heart of Horden’s famous "numbered streets," this two-bedroom terrace property is an ideal acquisition for an investor seeking immediate high-yield returns. While entry prices are exceptionally low, the rental market in SR8 remains robust, with a constant demand for affordable family housing.
Internal Features
The property typically follows a traditional layout:
Ground Floor: A spacious lounge featuring large windows for natural light, leading to a rear kitchen/diner and access to a private yard.
First Floor: Two double bedrooms and a family bathroom. Many properties in this postcode have recently undergone substantial internal modernisations, including new GCH systems and uPVC double glazing.
Strategic Location & Regeneration
SR8 4JX is positioned perfectly to benefit from local transport upgrades and the ongoing £10.7m Horden Masterplan.
Transport: Less than a 10-minute walk to Horden Railway Station, providing direct access to Newcastle, Sunderland, and Middlesbrough.
Regeneration: While nearby Third and Fifth Streets are earmarked for demolition and redevelopment into new affordable housing, Sixth Street remains a core part of the existing community. The influx of over 100 new-build homes nearby is expected to act as a catalyst for long-term capital appreciation and improved local amenities.
Investment Profile
Yield: With a purchase price of £35,000 and a conservative rent of £475 pcm, the gross yield sits at 16.2%.
Demand: High occupancy rates with a mix of private tenants and those supported by local housing authorities.
Tenure: Predominantly Freehold
Council Tax Band: A
Property Type: 2-Bedroom Mid-Terraced House.
Guide Price: £30,000 – £45,000 (Subject to condition).
Current Average Rental: £450 – £550 pcm.
Potential Gross Yield: 13% – 16%.
Postcode Performance: 119% increase in average sold prices
The Opportunity
Situated in the heart of Horden’s famous "numbered streets," this two-bedroom terrace property is an ideal acquisition for an investor seeking immediate high-yield returns. While entry prices are exceptionally low, the rental market in SR8 remains robust, with a constant demand for affordable family housing.
Internal Features
The property typically follows a traditional layout:
Ground Floor: A spacious lounge featuring large windows for natural light, leading to a rear kitchen/diner and access to a private yard.
First Floor: Two double bedrooms and a family bathroom. Many properties in this postcode have recently undergone substantial internal modernisations, including new GCH systems and uPVC double glazing.
Strategic Location & Regeneration
SR8 4JX is positioned perfectly to benefit from local transport upgrades and the ongoing £10.7m Horden Masterplan.
Transport: Less than a 10-minute walk to Horden Railway Station, providing direct access to Newcastle, Sunderland, and Middlesbrough.
Regeneration: While nearby Third and Fifth Streets are earmarked for demolition and redevelopment into new affordable housing, Sixth Street remains a core part of the existing community. The influx of over 100 new-build homes nearby is expected to act as a catalyst for long-term capital appreciation and improved local amenities.
Investment Profile
Yield: With a purchase price of £35,000 and a conservative rent of £475 pcm, the gross yield sits at 16.2%.
Demand: High occupancy rates with a mix of private tenants and those supported by local housing authorities.
Tenure: Predominantly Freehold
Council Tax Band: A
Reference: RS0099
