Check out this home in Horden, on the market for just £37,000

The property, located on Fifth Street in Horden, Peterlee, has two bedrooms, a bathroom and reception and has been described by estate agents as an “ideal investment opportunity”.

For commuters, Horden station is just 0.2 miles away and Seaham station is 5.3 miles, providing easy access to Peterlee and Sunderland.

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Agents have also described the home as being able to generate a return of £5,100 a year if purchased as part of a portfolio.

The house, which is said to be close to shops, bus routes and schools, is also “in need of renovation”.

On the ground floor the entrance door leads into a living room with a fireplace and space for several sofas.

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From here you enter the kitchen, which offers access to the backyard, where there is space for a dishwasher or washing machine.

Upstairs there are two double bedrooms with large double glazed windows. The smaller of the two contains a small cabinet, ideal for storage.

The family bathroom is also upstairs and has a bath, sink and toilet with black tiles, which could easily be retained if the room was converted.