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Millbank Close, Seaham

North East

£600,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
3211 sqft

Description

This distinctive four-bedroom detached stone-built residence, self-constructed to high standards, presents a remarkable investment opportunity in Seaham. Located close to the scenic Seaham Hall Beach and benefiting from nearby amenities and transport links, this property is ideal for families seeking both comfort and convenience. The home's unique layout features a central hallway leading to an inviting living room filled with natural light and characterized by an elegant bespoke ceiling detail. The open-plan kitchen/dining/family area at the heart of the home is designed for modern living, complete with a sizeable island and integrated appliances that cater to contemporary needs. Bi-fold doors provide seamless access to the well-maintained landscaped garden, enhancing the indoor-outdoor flow. Upstairs are four spacious bedrooms, each suited for double occupancy, with the master bedroom boasting an en-suite bathroom featuring upscale fixtures. A thoughtfully designed main bathroom also offers luxurious elements including a freestanding bathtub and separate shower. Notably, the loft area is fully boarded and compliant with fire regulations, presenting excellent development potential pending planning approval. The exterior features a generous garden space with unobstructed views due to adjacent playing fields and includes secure gated access along with an expansive driveway suitable for multiple vehicles. Furthermore, there’s a double garage with loft space that could be utilized further or transformed depending on your vision. Significantly, this property already has live permission for a business operating from an on-site cabin as well as granted planning permission for an additional mirror-image residence on the plot—an exciting prospect for investors or developers looking to maximize their investment in this desirable area.

Investment Analysis

(SR7 area)

Above Market Value

This property is priced +35.9% above area average per sq ft

+35.9%
This Property
£187/sq ft
Area Average
£138/sq ft
Avg Rent (weekly)
£162
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£485,664
10% above area average per sq ft
Potential ROI
-28.6%
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

Millbank Close, Seaham
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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
£2,198
Based on a loan of £450,000 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