2-bedroom flat · SR7 7DY
For saleListed 250 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
!!REDUCED!! We have pleasure in offering for sale, this improved two bedroomed first floor apartment with the benefits of gas fired central heating and double glazing.
A stones throw away from the beach and sea front promenade, the property has accommodation which briefly comprises: hallway, lounge, kitchen/diner with a range of integrated appliances, two bedrooms (the master with en suite) and bathroom/wc.
Externally there are communal gardens and residents parking.
Mappleton Drive occupies a pleasant position on this extremely popular residential development where there are a range of local shops and facilities.
A more comprehensive range of shopping and recreational facilities and amenities are available within Seaham Town Centre which lies a short walk away.
Seaham is well placed for commuting purposes as it lies in close proximity to the A19 Highway which provides good road links to all regional centres. Entrance Hall with entrance door and radiator.
Lounge (3.6 x 3.7) with double glazed window, radiator and French doors to Juliet balcony.
Kitchen/Diner 3.6 x 2.7 with wall and base units with contrasting worktops, electric hob, electric oven, extractor fan, double glazed window and radiator Bedroom 1 3.3m x 3.0m with double glazed window, radiator and built in wardrobe En Suite with stand-alone shower, WC and wash hand basin Bathroom with panel bath, w.c., wash hand basin, radiator and built-in storage cupboard.
Bedroom 2 3.4m x 2.9m (+wardrobe depth) with sliding wardrobes, double glazed window and radiator MATERIAL INFORMATION The following information should be read and considered by any potential buyers prior to making a transactional decision: Leasehold Information The property is Leasehold.
The lease runs from January 2007 for 125 years. The ground rent is £150 PA and the service charge is £1250.70 PA (approximately).
The service charge covers building insurance, maintenance of gardens, communal areas etc.
Services We are advised by the seller that the property has mains provided gas, electricity, water and drainage. Water Meter Yes Parking Arrangements Allocated Parking.
Broadband Speed The maximum speed for broadband in this area is shown by imputing the postcode at the following link here > Electric Car Charger No Mobile Phone Signal No known issues at the property.
Northeast of England – Mining Area We operate in an ex-mining area. This property may have been built on an ex-mining site.
Further information can/will be clarified by the solicitors prior to completion.
Disclaimer It is our normal policy to obtain a completed consumer protection regulations property questionnaire from the seller regarding the property and then disclose any material information to the buyer in accordance with the relevant Consumer Protection Regulations.
We have been unable to obtain such a questionnaire in this case and we would ask all interested parties to keep this in mind if they are willing to proceed further.
The information above has been provided by the seller and has not yet been verified at this point of producing this material.
There may be more information related to the sale of this property that can be made available to any potential buyer. Please contact us for a full list of information.
Value & comps
No previous sales on record.
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 asking
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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 Mappleton Drive, Seaham, Durham, SR7
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