We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom house · SR7 7LH
Listing removedListed 91 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A generously sized three-bedroom mid-terrace home, ideally situated close to a range of local amenities, well-regarded schools, excellent transport links, and the beautiful Seaham coastline.
Offering spacious accommodation throughout and retaining a wealth of original features and charm, this vacant property is available for sale as seen and is being offered in partnership with I Am Sold Auction.
The accommodation briefly comprises an inviting entrance vestibule leading into a spacious reception hallway, featuring original character details, staircase to the first floor, and useful under-stair storage cupboards.
The bright and airy lounge boasts a walk-in bay window and an attractive decorative ceiling rose, while the separate dining room provides an excellent space for family dining and entertaining.
To the rear, the modern, well-appointed kitchen offers a range of fitted units, selected integrated appliances, plumbing for both a washing machine and dishwasher, and direct access to the enclosed rear yard.
To the first floor, there are two well-proportioned double bedrooms, a comfortable single bedroom, and a spacious four-piece family bathroom comprising bath, shower, wash hand basin, and WC.
Externally, the property benefits from a forecourt garden to the front and an enclosed yard to the rear, providing low-maintenance outdoor space.
Additional benefits include owned solar panels, generating an estimated return of approximately £950 per annum, and a boarded loft, offering valuable storage space.
A spacious family home full of character and original features, presenting an excellent opportunity for a variety of buyers. Early viewing is highly 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. 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.
Externally Entrance Hallway Lounge 4.953m x 4.826m - 16'3” x 15'10” Dining Room 4.0132m x 3.9624m - 13'2” x 13'0” Kitchen 4.4196m x 2.413m - 14'6” x 7'11” First Floor Landing Bedroom One 4.0386m x 3.7846m - 13'3” x 12'5” Bedroom Two 3.1242m x 2.7178m - 10'3” x 8'11” Bedroom Three 2.9972m x 2.3876m - 9'10” x 7'10” Family Bathroom 4.2926m x 2.3368m - 14'1” x 7'8”
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
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FAQ
About 8, Alfred Street, Seaham
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