2-bedroom flat · SR7 7QZ
Listing removedListed 108 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary **first floor apartment*two double bedrooms**sought after area**walking distance to seaham beach** Pattinson Estate Agents are delighted to welcome to the market this spacious two bed apartment, situated on the ever popular Queen Alexander Road, Seaham.
Ideally located within close proximity to local shops, amenities, fantastic pubic transport and major road link via the A19.
Also within walking distance Seaham beach, a short drive to Seaham train Station and Sunderland City Centre.
This well presented property is spacious throughout and briefly consists of:- Entrance/hallway, a spacious lounge, modern kitchen, two double bedrooms and three piece bathroom.
Externally, theres is access to a shared rear yard. Early viewings come highly recommended to appreciate the size and location of this family home.
Please call our Houghton Branch on arrange a viewing.
Tenant Referencing Criteria: Pattinson will undertake referencing checks on all applicants over the age of 18 wishing to move into a rental property.
As part of this process, we will undertake: - A credit check to ensure each applicant does not have any adverse credit such as CCJs (County Court Judgements).
- An affordability assessment to ensure applicant's income will sufficiently cover the rental payments.
- To pass the affordability check, each applicant's gross annual basic income (including benefits and pensions) must be at least 30 times the monthly rental amount (36 times for Ellinson properties).
Eg If the rent is 500 pcm, applicants would need to earn 15,000 as an annual pension or basic salary (excluding commission/bonus) before tax or other deductions were made.
- Each applicant's affordability is assessed individually against the criteria. - Self- will require an accountant's reference and should have accounts for a minimum of two years.
Net profit will be assessed against the affordability requirement of 30 times the monthly rental amount. - Employment checks to confirm your start date, salary and if your position is permanent.
- Homeownership checks (only if you are a homeowner) confirming your mortgage payments are up to date.
- A Landlord reference (if you are currently residing in rented accommodation) confirming you have abided by the terms of the lease.
This will check that the rent was paid on time and in full, there was no antisocial behaviour and the property was looked after in an appropriate manner. - Right to rent' id checks.
If you do not meet the requirement, you will require A homeowner guarantor.
Council Tax Band: A Deposit: 525.00 Entrance/Hallway Private entrance leading to the hallway, which leads to the first floor staircase.
Lounge (5.60m x 4.48m) Spacious lounge with carpet flooring, a radiator and a double glazed front aspect window.
Kitchen (3.05m x 1.94m) Modern kitchen benefiting from a range of upper and lower units with contrasting worksurfaces, a stainless steel sink unit, plumbing for a washing machine and an integrated oven with a ceramic hob.
Vinyl flooring, tiled splash back, a radiator and a double glazed front aspect window.
Bedroom One (4.07m x 3.03m) Double bedroom with carpet flooring, a radiator and a double glazed rear aspect window.
Bedroom Two (4.55m x 2.54m) Double bedroom with carpet flooring, a radiator and a double glazed front aspect window.
Bathroom (2.52m x 1.97m) Three piece bathroom benefiting from a paneled bath with an overhead shower, hand wash basin and WC. Vinyl flooring, tiled walls, a radiator and a double glazed window.
External Externally, to the rear there is a shared rear yard.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About 14A, Queen Alexandra Road, Seaham
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