Unique freehold development opportunity comprising a two-bedroom terraced house requiring full refurbishment, substantial adjoining former pub site and…

What it costs to own

The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.

What it's likely to sell for

From what comparable lots actually sold for against their guide, in Cornerlot's results.

Energy rating

Auction House Online hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.

How it compares

History

• First listed on Cornerlot 11 Oct 2026.

Auction House Online's record

About the lot

Freehold mixed use lot in Horden. Offered vacant, so there's no income from day one.

Lot 73. Unique freehold development opportunity comprising a two-bedroom terraced house requiring full refurbishment, substantial adjoining former pub site and separate jitty/access, offering huge redevelopment potential subject to planning. A substantial and unusual freehold investment/development opportunity comprising a two-bedroom terraced house, a large adjoining vacant site formerly occupied by a public house, together with a separate jitty/access – all included within one freehold title. Offered for sale by auction is this exciting opportunity at 34 & 36 Second Street, presenting considerable scope for investors, developers and builders looking for a project with significant potential. The lot comprises an existing two-bedroom terraced house, a substantial vacant plot where a former public house previously stood, together with a separate jitty/access area. The whole is being sold together under one freehold title. The existing house extends to approximately 64 sq. metres according to the floorplan and is arranged over two floors. The accommodation comprises a living room and kitchen/dining area to the lower floor, with two bedrooms and a bathroom above. The property is currently in a poor condition and requires a comprehensive programme of refurbishment and repair, making it ideally suited to an experienced investor, builder or developer. Once renovated, the house offers the opportunity to create a two-bedroom residential property alongside the wider potential offered by the adjoining land. Of particular interest is the large vacant site adjoining the house, formerly occupied by a public house. The site provides a substantial area of predominantly cleared land and could offer considerable scope for redevelopment, additional residential accommodation or alternative uses, subject to all necessary planning permissions and consents. Also included within the freehold is a separate jitty/access running between the surrounding properties, connecting through towards the main road. The combination of an existing dwelling, sizeable former pub site and additional access makes this a particularly interesting proposition with numerous potential asset-management and redevelopment possibilities. The property is situated within an established residential area, with local amenities and transport connections readily accessible. The wider area also benefits from proximity to the Durham Heritage Coast. Key Features Substantial freehold development/investment opportunity 34 & 36 Second Street offered as one lot Existing two-bedroom terraced house House extends to approximately 64 sq. metres Requires extensive refurbishment and repair Large adjoining vacant plot Site formerly occupied by a public house Separate jitty/access included within the freehold Potential for redevelopment or additional accommodation, subject to planning Excellent opportunity for builders, developers and investors Vacant possession of the house and main former pub site Tenure: Freehold…