2 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Freehold
- Beautifully Presented Family Home
- Spacious and Well Presented
- Sold with a Tenant in Situ
- Quiet and Sought After Location
- Close to Local Amenities
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.
Energy Efficiency:
The property has an EPC rating of E, ensuring moderate energy efficiency.
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Property reference 271477. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Aycliffe Homes - Newton Aycliffe.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 22, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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