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Alfred Street, Seaham

North East

£135,000

Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Terraced

Description

This three-bedroom mid-terrace home in Seaham Harbour presents a noteworthy opportunity for investors or those looking to customize their living space. Situated just a short walk from the sea front, this property has remained within the same family for several years and is now ready for a new chapter. While some updates are needed throughout, the existing layout features two spacious reception rooms, a functional kitchen, and three well-sized bedrooms, including a large master with an adjoining bathroom. The high ceilings and original features such as fireplaces add character, while there's potential to enhance or reconfigure spaces—such as creating an additional bedroom from Reception Room 1. The rear courtyard offers further possibilities for outdoor parking or an inviting garden area. Overall, this home embodies potential waiting to be unlocked, making it an attractive prospect in a desirable location.

Investment Analysis

(SR7 area)
Area Average
£146/sq ft
Avg Rent (weekly)
£151
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (SR7)

Area prices are falling by -7.0% over the last 12 months
3 year growth: +9.0%
5 year growth: -3.2%
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

Alfred Street, Seaham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£510
Based on a loan of £101,250 over 30 years at 4.45% 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.

Stamp Duty Calculator

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