This house of horrors in County Durham requires a lot of refurbishment but it could see positive rewards for whoever takes it on
It’s a house of horrors which will strike fear into the heart of all but the most seasoned property developers or determined renovators.
The two bedroom terraced house is in Eighth Street, Horden, County Durham and doesn’t so much need a makeover but emergency property surgery.
On the bright side the property can be snapped up at auction where it has a guide price of £18,500.
And according to Hunters, Peterlee which is marketing it, the house will make a wonderful buy-to-let investment opportunity with a 25.9% yield potential.
They admit – and the pictures from property website Rightmove confirm – it is in need of refurbishment, but there are other positives too.
It is located close to the new Horden Railway Station which links the area with Newcastle, Sunderland, Hartlepool and beyond.
There are local parks and the attractive nearby heritage coast as well as the A19 which interconnects with the historic City of Durham.
It consists of an entrance hallway, lounge, dining kitchen, two bedrooms and a bathroom, all of which need extensive work.
There is a rear yard with outbuildings which again need major restoration work
The auction for this property is being conducted online through Hunters online-bidding platform.
It is a “Timed Auction”, so there are will no other lots being sold alongside this property.
The timeslot for the auction is displayed on SDL Auctions website. To view this, search for the property via their website, then click onto the property to view the property details.
Credit: Source link
