The cheapest house in the North East has just come to the market at just £33k – take a look inside below.

The property can be found on Fifth Street in Horden, Peterlee, and consists of two bedrooms, a bathroom, and a reception.

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Estate agents are quick to point out in the property's description that it needs “updating.”

They have estimated that refurbishments to the property could cost in the region of £6,000 to £7,000.

The building is a freehold property and a rental income of £400 to £425 per calendar month has been predicted if a buyer was to rent the property.

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The building was last sold in October 2005 at the price of £110,000, however, it was relisted in May this year for the price of £35,000 and has reduced in price by £2,000.

Take a look inside the property below:

All pictures courtesy of Zoopla

The Northern Echo: Picture: ZOOPLAPicture: ZOOPLA

The Northern Echo: Picture: ZOOPLAPicture: ZOOPLA

The Northern Echo: Picture: ZOOPLAPicture: ZOOPLA

The Northern Echo: Picture: ZOOPLAPicture: ZOOPLA

The Northern Echo: Picture: ZOOPLAPicture: ZOOPLA

The Northern Echo: Picture: ZOOPLAPicture: ZOOPLA

The Northern Echo: Picture: ZOOPLAPicture: ZOOPLA

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