No. 71 Sixth Street, Horden, Peterlee, County Durham, SR8 4JX

Description

The property provides well-proportioned accommodation arranged over two floors and offers an excellent opportunity for a purchaser looking to acquire a property with scope for refurbishment and modernisation. Internally, the ground floor provides a front reception room, offering a comfortable principal living space with access through to the remainder of the accommodation. To the rear is the kitchen, with access to the enclosed yard beyond. The first floor provides the bedroom accommodation together with the bathroom. The property still requires some work alongside some cosmetic enhancement and will therefore appeal to a range of purchasers, including investors looking for a refurbishment opportunity, landlords seeking to add a property to their portfolio, or owner-occupiers looking to undertake improvement works and create a home to their own requirements.

Accommodation

Ground floor: front reception room and kitchen with access to an enclosed yard. First floor: bedrooms and bathroom.

Location

Horden, Peterlee, County Durham.

Tenure / Property Information

Investment Analysis

The comparable evidence ranges from £22,000 to £33,000. The strongest evidence is the same property, No. 71 Sixth Street, recorded at £33,000 on 10 February 2026. A low scenario of £22,000 reflects the lower end of the same-street evidence; £33,000 is used as the base and high scenario because it is the most directly relevant completed sale. This is an evidence-based estimate, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only as a cautious refurbishment purchase if inspection and the legal pack confirm acceptable condition, tenure and costs. Require a firm works budget and maintain strict bidding discipline because the known administration charge and uncertain additional costs materially reduce the margin.

Works Required

Refurbishment and cosmetic modernisation as described, including works to the front reception room, kitchen, bedrooms and bathroom, subject to inspection. No specific defects, scope or contractor costs are supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £33,000 base GDV, 75% gross refinance proceeds would be approximately £24,750. The guide plus known administration charge is £28,600 before works and other possible fees, so the refinance position cannot be assessed reliably without a quantified refurbishment budget, full legal-pack costs and finance assumptions.

Buy-to-Let Analysis

BTL suitability cannot be quantified because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The £25,000 guide plus the known £3,600 administration charge equals £28,600 before refurbishment and any other special-condition costs, but the total investment cost and yield cannot be established.

Flip Analysis

A completed same-property sale at £33,000 provides the main resale reference. However, refurbishment costs, selling costs and other acquisition charges are not quantified, so a reliable flip surplus cannot be calculated. The gross spread against the £25,000 guide is limited before costs.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not quantified.

• Tenure is stated as subject to the Legal Pack.

• Special Conditions of Sale may introduce search, seller-cost, legal, transfer, buyer-premium or disbursement charges.

• No sufficiently specific rental evidence is available, preventing a supported rental yield assessment.

• Comparable completed prices vary from £22,000 to £33,000, creating valuation sensitivity.

• The property is described as requiring work, but no survey or detailed condition evidence is supplied.

Recommendation

Proceed only as a cautious refurbishment purchase if inspection and the legal pack confirm acceptable condition, tenure and costs. Require a firm works budget and maintain strict bidding discipline because the known administration charge and uncertain additional costs materially reduce the margin.

Strategy Rating

Analysis Confidence

There is strong same-property and same-street completed-sale evidence, but no quantified works budget, rental evidence, tenure confirmation, EPC, operating costs or full special-condition fee schedule.