5 Eighth Street, Horden, Peterlee, County Durham, SR8 4LY
By Davies Auctions
£ 10,000
Reviews
1 out of 5 stars
Davies Auctions says ..
Guide Price £10,000.00 For Sale by online auction. Bidding will open at 11:05 26/02/25 and bidding will close at 12:05 26/02/25 A Freehold Vacant Two Bedroom Mid-Terrace Property Two Bedroom Vacant Possession Tenure - Freehold EPC Rating: E Council tax band: A SELL...
Property Oracle says ..
This property at 5 Eighth Street, Horden, County Durham, is a two-bedroom terraced house listed for sale at £10,000. The listing photographs reveal a property in extremely poor condition, requiring extensive refurbishment throughout. The interior shows stripped-back rooms, damaged flooring, and a general lack of fixtures and fittings. The small rear yard is also in a neglected state.
The location in Horden places it within reach of local schools such as Cotsford Primary School (rated ‘Good’ by Ofsted) and other amenities, as well as transport links to Seaham. However, Horden itself is a relatively small town, and buyers should consider the limitations this might present.
Given the significant renovation needed, prospective buyers should factor in substantial costs beyond the purchase price. A thorough survey is essential to assess the full extent of the necessary repairs and potential hidden problems. The property presents a high-risk, high-reward opportunity for experienced investors or those comfortable with undertaking extensive renovation projects. The low price reflects the significant work required, but buyers should carefully weigh the potential costs and risks before proceeding.
Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 2
- Location
- 4
- Land
- 1
- Bedrooms
- 2
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 41,429.00 £Decreased by 46.58 %
- Average area rental value
- 513.00 £/moDecreased by 4.65 %
- Est rental Yield
- 14.86 %Increased by 78.39 %
- Crime Rate
- 39.00 %Unchanged by 0.00 %
Agent Activity
Davies Auctions created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Horden Children'S Centre | Children's Centre | 0.63 KM | |
| Cotsford Primary School | Community School | Good | 0.65 KM |
| Dene Academy | Academy Converter | 0.68 KM | |
| Dene House Primary School | Academy Sponsor Led | Requires improvement | 0.86 KM |
| Yohden Primary School | Community School | Requires improvement | 0.92 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Dene Street | £ 0 | 0 | 0.00 KM |
| Second Street | £ 0 | 0 | 0.00 KM |
| First Street | £ 0 | 0 | 0.00 KM |
| Aged Miners Homes | £ 0 | 0 | 0.00 KM |
| Coronation Avenue | £ 29,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Seaham | 7814 | SEA | 9.02 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| 5 Eighth Street, Horden, Peterlee, County Durham, SR8 4LY | £ 10,000 | BUY | 3 / 10 | 0.00 KM |
| 5 Eighth Street, Horden, Peterlee, Co. Durham, SR8 4LY | £ 10,000 | BUY | 4 / 10 | 0.00 KM |
| 5 Eighth Street Horden, Peterlee, SR8 4LY | £ 8,000 | BUY | Unknown | 0.00 KM |
| 5 Eighth Street, Horden, Peterlee, County Durham SR8 4LY | £ 28,000 | BUY | 5 / 10 | 0.00 KM |
| 5 Eighth Street, Horden, Peterlee SR8 4LY | £ 10,000 | BUY | 4 / 10 | 0.00 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 37 Eighth Street | £ 40,000 | 0.06 KM |
| 4 Eighth Street | £ 30,000 | 0.06 KM |
| 19 Eighth Street | £ 33,500 | 0.06 KM |
| 32 Eighth Street | £ 39,000 | 0.06 KM |
| 8 Eighth Street | £ 32,250 | 0.06 KM |