2-bedroom flat · SR7 8NS
For saleReduced £25k (−22.7%) on 21 JunListed 192 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Positioned on the ever‐popular The Avenue in Seaham, this mixed‐use property offers an excellent opportunity, combining a ground‐floor commercial unit with a self‐contained two‐bedroom flat above.
The ground floor currently features a spacious front office, ideal for a range of business uses, along with rear storage, WC facilities, and a private office to the rear.
The first‐floor flat, accessed via its own private entrance, includes an entrance hall with stairs leading to a landing, a comfortable lounge opening into a dining area, a fitted kitchen, two bedrooms, and a shower room.
Externally, the property benefits from an enclosed rear yard and an additional storage space. Further features include gas central heating and majority double glazing.
Offered for sale sold as seen, with no onward chain, and available in partnership with I Am Sold Auction, this property presents a versatile investment in a sought‐after residential location.
* Floorplan and measurements to follow *flat images pre current tenancy
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 51, The Avenue, Seaham
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