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Melrose Crescent, Seaham, County Durham, SR7 - Image 1
Melrose Crescent, Seaham, County Durham, SR7 - Image 2
Melrose Crescent, Seaham, County Durham, SR7 - Image 3
Melrose Crescent, Seaham, County Durham, SR7 - Image 4
Melrose Crescent, Seaham, County Durham, SR7 - Image 5
Melrose Crescent, Seaham, County Durham, SR7 - Image 6
Melrose Crescent, Seaham, County Durham, SR7 - Image 7
Melrose Crescent, Seaham, County Durham, SR7 - Image 8
Melrose Crescent, Seaham, County Durham, SR7 - Image 9
Melrose Crescent, Seaham, County Durham, SR7 - Image 10
Melrose Crescent, Seaham, County Durham, SR7 - Image 11

Melrose Crescent, Seaham, County Durham, SR7

North East

£89,950
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
850 sqft

Description

This three-bedroom mid-link property presents a unique opportunity for renovation and investment. While the home requires comprehensive refurbishment, it offers a blank canvas for those looking to customize or upgrade their living space, making it particularly appealing to investors or DIY enthusiasts seeking to maximize value. The layout includes a welcoming entrance hallway that leads into a generous lounge area, perfect for both relaxation and entertainment. The adjoining dining kitchen provides ample space for culinary pursuits and could be transformed into an inviting family hub. On the upper level, you will find three well-sized bedrooms, each capable of accommodating various arrangements, along with a family bathroom that awaits modern updates. Externally, the property features front and rear gardens, offering potential for landscaping or outdoor leisure activities. Situated in a desirable residential neighborhood, this location is within close proximity to essential amenities including local shops and schools. Seaham Town Centre is just two miles away, providing additional shopping and dining options as well as recreational facilities. Transport links are also noteworthy; the nearby A19 ensures ease of commuting to surrounding areas. This property not only holds promise as a personal residence but also represents significant investment potential within a community that supports growth and development.

Investment Analysis

(SR7 area)

Below Market Value

This property is priced -23.0% below area average per sq ft

-23.0%
Potential saving
This Property
£106/sq ft
Area Average
£138/sq ft
Avg Rent (weekly)
£162
Avg Yield
5.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£128,563
10% above area average per sq ft
Potential ROI
-8.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (SR7)

Area prices are rising by +4.9% over the last 12 months
3 year growth: 15.0%
5 year growth: 7.1%
Investment Disclaimer: Analysis based on SR7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Melrose Crescent, Seaham, County Durham, SR7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£330
Based on a loan of £67,462 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE