2-bedroom house · SR8 3SY
Listing removedListed 245 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with NO ONWARD CHAIN, this well-presented and extended two-bedroom bungalow is pleasantly positioned on Fairport Terrace in Grants Houses.
The property has been well maintained throughout and offers comfortable, well-proportioned accommodation, making it ideal for downsizers, first-time buyers, or investors.
The bungalow benefits from a generous south-westerly facing front garden, a double driveway, a well-equipped kitchen diner, a welcoming family lounge, two double bedrooms, a modern shower room, and a conservatory—providing versatile and practical single-storey living.
Over the last few years, the property has undergone a number of improvements, including cavity wall insulation, roof repairs, new windows in the kitchen and bedrooms, a new kitchen door, an annual boiler service, a new conservatory, paving in the yard and garden, and new garden fencing.
Fairport Terrace enjoys a convenient location with excellent transport links to neighbouring towns and villages, including Peterlee and Easington.
The property is also within close proximity to the beach and benefits from nearby bus routes, offering easy access to local amenities and the wider North East.
Internally, the accommodation briefly comprises: entrance into the kitchen diner, fitted with a range of base, wall and drawer units and offering space for a dining table.
From here, there is access to the second bedroom and the shower room/WC, which is fitted with a modern three-piece white suite.
The spacious family lounge features uPVC double-glazed French doors leading into the conservatory, which in turn provides access to the front garden.
The lounge also offers access to the principal bedroom. Externally, to the front of the property is a large, low-maintenance paved garden with mature shrubbery and a useful storage shed.
To the rear is a small palisade area with steps leading to the entrance.
Located in the popular community of Horden, the property is well placed for local schools, shops, and transport links, while also offering easy access to the surrounding coastline.
Early viewing is highly recommended. To arrange your appointment, please contact Pattinson Estate Agents. Council Tax Band: A Tenure: Freehold
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Fairport Terrace, Horden, Peterlee, Durham, SR8 3SY
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