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2 bed terraced house
Park Terrace, Peterlee, SR8
Auction
£20,000
-42.9%
Next Steps
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Price History
Initial price £35,000
Jul 5, 2026 £25,000
Jul 11, 2026 £20,000
Price Change -42.9%
Our Summary
- To be sold by online auction
- Renovation required
- FOR SALE BY ONLINE AUCTION 22ND–23RD JULY 2026, UNLESS SOLD PRIOR UNDER AUCTION TERMS 28 Park Terrace, Horden, Peterlee, County Durham, SR8 4JG Vacant Two Bedroom Terrace Requiring Refurbishment
- Offered with vacant possession, the property requires a programme of refurbishment and presents an ideal purchase for investors, builders and developers seeking a value-add project
- offering purchasers the opportunity to modernise to their own specification and create an attractive home for either the rental or owner-occupier market
- Following refurbishment, the property has excellent potential as a buy-to-let investment or could be renovated and resold, with recent comparable sales demonstrating the strength of the local market
- These sales demonstrate the potential for purchasers to refurbish the property and maximise its resale value
- Properties of this nature continue to generate strong interest from investors due to their refurbishment potential, affordable entry price and excellent scope for capital growth
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Description
The property is a vacant two-bedroom mid-terraced house located on Park Terrace in Horden, Peterlee, County Durham. It features a lounge, kitchen, two bedrooms, bathroom, and an enclosed rear yard. The property requires a programme of refurbishment, offering a chance to modernize and add value.
It offers a potential buy-to-let investment or resale opportunity, with a strong rental demand in the area and a local market that presents excellent potential for capital growth.