Auction Property 2 Bed House - Terraced 

Tenth Street, Horden, Peterlee

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Features

  • Auction Date: 27th – 28th March 2019
  • Two-bedroom terrace
  • Sold as seen
  • Programme of refurbishment required
  • Ideal investment opportunity
  • To be sold with vacant possession
  • Approx. 70 sq. m / 753 sq. ft
  • Close to amenities
  • Yard to the rear
  • Freehold

Quick Details

2 Bedrooms1 Reception1 Bathroom

Address

27 Tenth StreetHordenPeterleeCounty DurhamSR8 4NE
Details
EPC
Map
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Property Details

•For Sale By Online Auction: 27th – 28th March 2019
•Guide Price: £21,000+
•Two bedroom mid terrace property
•Ideal investment opportunity
•Freehold

This two-bedroom mid terrace property comprises accommodation arranged over two storeys.

The ground floor accommodation includes a kitchen/ dining room and living room. To the first floor, there are two good sized bedrooms and a family bathroom.

Externally, the property benefits from a yard area to the rear and parking is available on the street.

The property would benefit from a programme of refurbishment throughout.

The subject property is located to the west side of Tenth Street in the village of Horden, Peterlee which lies 13 miles south of Sunderland and 7.5 miles north of the historic town of Hartlepool.

Sunderland and Hartlepool which are both nearby and accessed easily by a regular bus service, offer all the amenities and leisure facilities expected from larger towns.

The property is also a 1 mile walk from the Durham Heritage Coastline which offers beautiful scenery and coastal walks with views across the North Sea.

Accommodation

Total – Approx. 70 m2 / 753 sq. ft
(Measurement taken from the EPC).

Services

We understand the property has mains gas, electricity, water and drainage. However, interested parties should carry out their own investigations.

Tenure

Freehold

Council Tax

This property is rated in Council Tax Band A. Council Tax payable (2019/2020) is approximately £1,468.51 per annum.

Guide Price

£21,000+

Buyers Premium

2% (min. £3,600) inc. VAT.

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Investment Analysis:

The property is to be sold with vacant possession, however, we believe that following some refurbishment the property could be let achieving an income in the region of £375 - 400 pcm (£4,500 - £4,800 per annum), which represents a gross annual yield of 21.43% - 22.86%, based on the guide price and before refurbishment costs.

Energy Performance Certificates

Location Map

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