Gordon Avenue, Peterlee, County Durham, SR8
- PROPERTY TYPE
Terraced
- BEDROOMS
2
- BATHROOMS
1
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- TENURE - FREEHOLD
- SPACIOUS AND WELL PRESENTED
- QUIET AND SOUGHT AFTER LOCATION
- BEAUTIFULLY PRESENTED FAMILY HOME
- SOLD WITH TENANT IN SITU
- CLOSE TO LOCAL AMENITIES
Description
Charming Two-Bedroom Mid-Terrace Home with Loft Conversion in Horden
Discover this delightful two-bedroom mid-terrace house located at Gordon Avenue, Horden, Peterlee SR8 4QN. This property, currently tenanted, offers a great investment opportunity or a welcoming home in a community-oriented village known for its historical charm and modern conveniences.
Property Features:
Two Bedrooms: Spacious and welcoming, each bedroom provides ample space for personalization.
Loft Conversion: An additional loft room adds valuable extra space, perfect for a home office, playroom, or guest room.
Comfortable Living Room: An inviting space with enough room for both dining and leisure activities, ideal for family gatherings.
Functional Kitchen: Equipped with modern amenities and plenty of storage, designed for practical and efficient use.
Well-Maintained Bathroom: Features all necessary installations for convenience and comfort.
Outdoor Areas: A quaint front courtyard and a private rear garden, perfect for outdoor relaxation and entertaining.
Local Area and Amenities:
Horden, part of Peterlee in County Durham, is a village rich in mining history and known for its strong community spirit. The area offers various local amenities including shops, pubs, and community centers. Nearby, residents can enjoy beautiful beaches and countryside, ideal for outdoor activities.
Schools: The area is served by several schools, such as Seascape Primary School, Dene Academy, and East Durham College, providing education for all age groups.
Transport Links: Horden is well-connected via the Horden Railway Station on the Durham Coast Line, providing excellent links to nearby cities. Additionally, local bus services and easy access to major roads ensure convenient travel.
Local Services: Various dining options, from cafes to takeaways, and pubs like The Legion and Horden Catholic Club, ensure a vibrant local community.
Investment Potential:
This property is currently occupied with a tenant, promising immediate rental income. The tenancy terms include a rent of £475 per calendar month, and the tenant has been in place for over a year.
Rental Yield:
To calculate the rental yield:
Annual Rent = £475 * 12 = £5,700
Purchase Price = £90,000
Yield = (Annual Rent / Purchase Price) * 100 = (£5,700 / £90,000) * 100 = 6.33%
This makes it an appealing option for investors seeking a steady return, with a yield of approximately 6.33%. Comparable properties in the area have shown consistent appreciation, with recent sales indicating a strong market presence .
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Gordon Avenue, Peterlee, County Durham, SR8
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 10522909. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dowen, Peterlee. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.