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Millbank Close, Seaham

North East

£650,000
Listed on 06/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
3211 sqft

Description

This four-bedroom detached property presents a unique opportunity for buyers interested in a home with substantial renovation and investment potential. Located in the picturesque town of Seaham, the residence is conveniently close to Seaham Hall Beach, making it an attractive spot for families. The property's proximity to Seaham High School enhances its appeal for those with school-aged children, while nearby amenities and access to Seaham Train Station provide convenient connections to various destinations. Upon entry, a central hallway leads into a spacious living room that benefits from ample natural light and features a distinctive ceiling design. The heart of the home is characterized by an open-plan kitchen, dining, and family area, which includes a generous central island with seating options. This space is complemented by stylish cabinetry and modern integrated appliances such as an oven, microwave, induction hob, and wine chiller. Bi-fold doors offer seamless transition to the landscaped rear garden, enriching both indoor and outdoor living. The layout includes a well-sized utility room with additional rear access and solid wood fire doors throughout enhance safety and quality. The first floor accommodates four sizable bedrooms, each capable of fitting double beds comfortably. The master suite includes an en-suite bathroom equipped with walk-in shower facilities. A contemporary family bathroom completes the upper level with luxurious features like a freestanding tub. The expansive loft area is fully boarded and adheres to fire safety regulations, suggesting potential for further development subject to appropriate permissions. Outside, the property boasts a large garden complete with patio areas that benefit from sea views preserved by adjacent school playing fields. The substantial plot provides plenty of space for varied outdoor activities. Security features include an electric front gate alongside a massive driveway designed to accommodate up to 20 vehicles—as well as a double-level garage that offers additional storage or prospective redevelopment opportunities above. Additionally, there is existing permission for operating a business from a cabin on the property. Notably, planning permission has also been secured for constructing another home mirroring the current structure—a promising prospect for investors looking to expand their portfolio in this desirable location.

Investment Analysis

(SR7 area)

Above Market Value

This property is priced +46.7% above area average per sq ft

+46.7%
This Property
£202/sq ft
Area Average
£138/sq ft
Avg Rent (weekly)
£145
Avg Yield
4.7%

Renovation Potential

Est. Renovation Cost
£65,000 - £162,500
10-25% of property value
Target Value
£487,253
10% above area average per sq ft
Potential ROI
-40.0%
After renovation
Monthly Sales
20
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (SR7)

Area prices are rising by +8.3% over the last 12 months
3 year growth: 13.1%
5 year growth: 10.1%
Investment Disclaimer: Analysis based on SR7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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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