Apt. 20 Gordon Avenue, Horden, Peterlee, County Durham, SR8 4QN

Description

Available at auction is this two bedroom mid-terrace house situated in the popular village of Horden, County Durham. The accommodation has a spacious and welcoming lounge with ample space for both living and dining, a modern fitted kitchen offering generous storage, two well sized bedrooms, and a bathroom. Externally, the property benefits from a front garden and a private enclosed rear garden.

Accommodation

Spacious lounge with ample space for living and dining, modern fitted kitchen with generous storage, two bedrooms, bathroom, front garden and private enclosed rear garden.

Location

Horden is a well established village in County Durham, close to shops, schools, cafés, pubs, and healthcare facilities. The Durham Heritage Coast is a short distance away, providing scenic coastal walks and outdoor leisure opportunities.

Tenure / Property Information

Investment Analysis

The subject is on the same road as the comparables. Recent completed sales were £52,500 and £55,000 in 2025–2026, supporting a base GDV of £55,000. The £28,000 sale appears materially lower, while older sales range from £63,800 to £85,000. Given the available description, £52,500–£63,800 is a reasonable evidence-supported scenario range, but condition, tenure and legal-pack information are incomplete.

Investment Snapshot

Strategy Recommendation

Potentially strongest as a buy-to-let at or near the guide, subject to confirming achieved local rent, tenure, condition and all auction charges. Do not rely on the apparent margin without the legal pack and inspection.

Works Required

No specific defects or required works are evidenced. The description states that the property has a modern fitted kitchen, bathroom, gardens and EPC C. Allowance should nevertheless be confirmed after inspection and review of the legal pack; no refurbishment cost has been included.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £43,000 guide, the known £3,600 admin charge and no evidenced works allowance gives a provisional cost of £46,600. At a £55,000 base GDV, 75% refinancing would be approximately £41,250, leaving indicative cash of £5,350 before finance, tax, buyer premium, refurbishment and other costs. Actual refinanceability depends on valuation, lender criteria, tenure and the legal pack.

Buy-to-Let Analysis

Advertised rents are £600–£695 pcm, producing a midpoint annual rent estimate of £7,770. This equates to approximately 18.07% gross yield on the £43,000 guide and 16.67% on the £46,600 purchase price plus the known £3,600 admin charge. These are advertised asking rents, not achieved rents, and exclude finance, maintenance, voids, management, tax, buyer premium and other legal-pack costs.

Flip Analysis

A base GDV of £55,000 is supported by the recent £55,000 and £52,500 same-road completed sales. Against the guide and known admin charge, the provisional gross difference is £8,400 before selling costs, buyer premium, legal costs, finance, tax and any works. A reliable flip surplus cannot be calculated because refurbishment and selling allowances are unsupported.

Investor Risks & Due Diligence

• Tenure and title details are unavailable pending review of the legal pack.

• The stated buyer premium is unspecified and additional seller, legal, search, transfer and disbursement costs may apply.

• Rental evidence comprises advertised asking rents rather than achieved rents.

• No inspection evidence or priced refurbishment allowance is available.

• Gross yields exclude finance, management, maintenance, voids, tax and other ownership costs.

• The £55,000 base GDV is an estimate based on a small and variable set of comparable sales.

Recommendation

Potentially strongest as a buy-to-let at or near the guide, subject to confirming achieved local rent, tenure, condition and all auction charges. Do not rely on the apparent margin without the legal pack and inspection.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and two local advertised rents, but the subject tenure, occupancy, condition, buyer premium, legal costs and refurbishment requirements are not supplied.