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Stanley Street, Seaham, County Durham, SR7 - Image 1
Stanley Street, Seaham, County Durham, SR7 - Image 2
Stanley Street, Seaham, County Durham, SR7 - Image 3
Stanley Street, Seaham, County Durham, SR7 - Image 4
Stanley Street, Seaham, County Durham, SR7 - Image 5
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Stanley Street, Seaham, County Durham, SR7

North East

£65,000
Listed on 01/11/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom terraced bungalow, situated on a sought-after street in Seaham, presents an excellent opportunity for renovation and investment. The layout includes an entrance hallway that leads to a generous open-plan lounge and dining area, creating a versatile space for reconfiguration. The property features two bedrooms, a galley-style kitchen complemented by a rear lobby, and a bathroom located at the back. The outdoor areas consist of gardens both at the front and rear, offering potential for landscaping or creating an inviting outdoor space. While the home requires refurbishment and is being sold as-is, it does feature a heat pump heating system, providing energy-efficient comfort that could be enhanced further with modern updates. This bungalow's location adds to its appeal; nestled in a coastal community known for its charm and accessibility. It serves as an ideal project for buyers looking to put their own mark on the property while also catering to investors interested in the potential for increased value through improvements. The property is being offered through auction, encouraging serious bids from motivated buyers who recognize its promise. A Buyer Information Pack is available to prospective purchasers, detailing all necessary information before placing a bid. This investment not only allows for personalization but also positions itself well within the local market dynamics.

Investment Analysis

(SR7 area)
Area Average
£138/sq ft
Avg Rent (weekly)
£162
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Stanley Street, 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
£238
Based on a loan of £48,750 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