Murray Street, Peterlee, County Durham, SR8
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Murray Street, Peterlee, County Durham, SR8

By PROPERTY REGEN

£ 10,000

Reviews

1 out of 5 stars

PROPERTY REGEN says ..

Property Regen is excited to bring to market this tenanted mid terrace family home with a located in the coastal town of Horden, Peterlee generating a rental income of £500 PCM (22.2% yield) with a loft conversion providing a 3rd bedroom, accessible from the master bedroom.

Property Oracle says ..

This property is a two-bedroom terraced house located in Horden, County Durham. The location benefits from relatively close proximity to several primary schools, including Cotsford Primary School (rated “Good” by Ofsted) and Horden Nursery School (rated “Outstanding”). Seaham train station is also within a reasonable distance. However, the provided images reveal that the property is in need of significant modernisation and cleaning. The interior shows signs of wear and tear, and the overall condition appears below average. The lack of information regarding square footage and plot size makes it difficult to fully assess the land and value for money aspects. Comparing the list price of £10,000 to nearby property sales ranging from £13,500 to £81,000, and considering the average house price in the area of £48,365, the list price appears exceptionally low, possibly indicating a need for substantial repairs or other factors not immediately apparent. Further investigation into the property’s structural integrity and any potential issues would be necessary before making a final assessment.

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
2
Condition
3
Location
6
Land
2
Bedrooms
2
Bathrooms
1

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
41,429.00 £
Decreased by 46.58 %
from 77,547.00 £
Average area rental value
513.00 £/mo
Decreased by 4.65 %
from 538.00 £/mo
Est rental Yield
14.86 %
Increased by 78.39 %
from 8.33 %
Crime Rate
22.00 %
Unchanged by 0.00 %
from 22.00 %

Agent Activity

  • PROPERTY REGEN created the listing.

Nearby Schools

NameTypeOfstedDistance
Cotsford Primary SchoolCommunity SchoolGood0.24 KM
Yohden Primary SchoolCommunity SchoolRequires improvement0.29 KM
Horden Children'S CentreChildren's Centre0.31 KM
Horden Nursery SchoolLocal Authority Nursery SchoolOutstanding0.67 KM
Dene AcademyAcademy Converter0.85 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Coronation Avenue £ 29,00000.00 KM
Hawthorn Crescent £ 000.00 KM
Hawthorne Crescent £ 69,97500.00 KM
Burnside Avenue £ 000.00 KM
Dene Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Seaham7814SEA9.61 KM

Nearby Listings

AddressPriceTypeScoreDistance
Murray Street, Peterlee, County Durham, SR8 £ 10,000BUY3 / 100.00 KM
Braemar Terrace, Horden, Peterlee £ 59,999BUY7 / 100.17 KM
Glanton Terrace, Horden, Co. Durham £ 40,000BUY5 / 100.19 KM
Glanton Terrace, Peterlee, County Durham, SR8 £ 70,000BUY5 / 100.19 KM
Beach Grove, Horden, Peterlee, Durham, SR8 4ES £ 92,500BUY5 / 100.20 KM

Nearby Properties

AddressPriceDistance
7 Murray Street £ 40,0000.00 KM
23 Murray Street £ 15,0000.00 KM
15 Murray Street £ 81,0000.00 KM
5 Murray Street £ 43,0000.00 KM
31 Murray Street £ 13,5000.00 KM