2-bedroom house · SR7 0JZ
Listing removedListed 87 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale through the Modern Method Of Action (Terms and Conditions Apply). Please visit for full details.
Priced to Sell | No Onward Chain | Ideal First-Time Buy or Investment Opportunity Offered to the market with no onward chain, this two-bedroom terraced home represents an excellent opportunity for first-time buyers, investors, or those looking to put their own stamp on a property.
Competitively priced to sell, the property benefits from off-road parking, a private rear garden, and well-proportioned accommodation throughout.
The internal floor plan briefly comprises an entrance lobby, comfortable lounge, and a spacious kitchen/diner to the ground floor. To the first floor are two bedrooms and a shower room.
While the property has been well maintained, it would now benefit from cosmetic updating throughout, providing purchasers with the opportunity to modernise and personalise the accommodation to their own taste and requirements.
Externally, the property enjoys the advantage of off-road parking to the front, together with a private rear garden, offering an ideal space for outdoor relaxation and family enjoyment.
Melrose Way is conveniently situated within the popular coastal town of Seaham, which continues to attract buyers seeking a combination of seaside living and excellent commuter links.
Seaham is renowned for its stunning stretch of Durham Heritage Coastline, offering beautiful beaches, dramatic cliff-top walks, a picturesque marina, and scenic coastal footpaths perfect for outdoor enthusiasts.
The town benefits from a wide range of amenities, including supermarkets, local shops, cafés, restaurants, healthcare facilities, and well-regarded schools.
The nearby Dalton Park Outlet & Shopping Centre provides an extensive selection of retail outlets, eateries, and leisure facilities.
For those commuting, Seaham enjoys excellent transport connections, with easy access to the A19, providing direct routes to Sunderland, Durham, Newcastle upon Tyne, and Teesside.
Seaham railway station offers regular services along the Durham Coast Line, making travel throughout the North East both convenient and accessible.
Combining excellent potential, a desirable location, and the advantage of no chain, this property offers a fantastic opportunity for buyers looking to acquire a home in one of the region's most popular coastal towns.
Early viewing is strongly recommended. This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the ”Reservation Period”).
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional.
Unassigned Ground FloorGROUND floor - double glazed entrance door toEntrance lobby - with pleasant décor, central heating radiator in decorative cabinet and staircase to first floorLounge 14`1 x 10`3 maxwith attractive feature fireplace, marble insert and hearth, feature gas fire, attractive décor, coving to ceiling, double central heating radiator and double glazed window to frontDining Kitchen 17`4 max x 10`4 maxwith an attractive range of fitted base and wall units finished in white, contrasting preparation surfaces, stainless steel single drainer sink unit and mixer tap, built in oven, gas hob and extractor hood, plumbing for automatic washing machine, part tiled walls, attractive décor, built in storage cupboard, built in pantry, central heating radiator, two double glazed windows and matching door to rearFirst Floorlanding with coving to ceiling, smoke alarm, loft access hatchBedroom One 12`4 to wardrobes x 9`3with fitted mirror fronted wardrobes to one wall, two built in storage cupboards
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 75, Melrose Crescent, Seaham
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