2-bedroom terraced house · SR7 9AX
Listing removedListed 57 days
Opportunity summary
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About
For sale by modern method of auction t's & c's apply investment opportunity – Two-Bedroom Terraced House - Full Refurbishment Project - Freehold An excellent opportunity for investors and property developers looking for a full refurbishment project in a popular residential location.
This two-bedroom terraced house, extending to approximately 81 sq m, is offered with vacant possession and is in need of comprehensive refurbishment, providing the opportunity for a buyer to modernise and improve the property to their own specification.
The property would suit a range of investment strategies, including buy-to-let, refurbishment and resale, or a potential brr project, subject to the necessary works, costs and relevant permissions.
The property is conveniently positioned close to a range of local shops, amenities and schools, making it an attractive location for future owner-occupiers and tenants alike.
The popular Dalton Park shopping centre is just moments away, while the A19 provides excellent access for commuters travelling throughout the North East.
Seaham Railway Station: Approximately 2.2 miles - Ribbon School: Approximately 0.1 miles – Ofsted: Good - St Joseph's Catholic Primary School, Murton: Approximately 0.4 miles – Ofsted: Good Auction Bullett Points • For Sale by Traditional Auction – T & Cs apply.
• Subject to a hidden Reserve Price • Buyers’ Fees apply.
• 10% deposit payable • Buyer Information Pack available Modern Method Of Auction This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (i am sold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £500 inc. VAT.
These services are optional Disclaimers Property Particulars and Material Information These particulars are prepared in good faith as a fair, clear and general guide to the property.
They do not form part of any offer or contract and must not be relied upon as a statement of fact, warranty or representation.
While we aim to ensure information is accurate and up to date, buyers and tenants should verify all details through inspection, survey, searches, enquiries with relevant authorities and legal advice before proceeding.
If any matter is important to you, including services, restrictions, costs, planning, boundaries, rights of way, tenure, lease terms, charges, flood risk, building safety, broadband/mobile availability, parking or utilities, please ask us for clarification before viewing, travelling, making an offer or incurring expense Disclaimers Measurements, Floor Areas and Plans All measurements, dimensions, floor areas, room sizes, distances, plans and floorplans are approximate, for guidance only and may not be to scale.
They should not be relied upon where accuracy is essential, and buyers or tenants should check critical measurements independently.
Services, Systems and Appliances Unless expressly stated, we have not tested any services, systems, utilities, heating, electrics, plumbing, drainage, fixtures, fittings or appliances.
No warranty is given as to their condition, safety, compliance, availability or working order.
Buyers and tenants should arrange their own inspections or professional reports before proceeding Disclaimer Limitation of Representations No employee, agent or representative has authority to make or give any representation, warranty or guarantee about the property unless confirmed in writing by the seller, landlord or their legal representative.
References to alterations, use, planning, building regulations, guarantees, certificates, consents, rights, restrictions or title matters should be independently verified.
Identification and Anti-Money Laundering Requirements Prospective purchasers and relevant parties may be required to provide proof of identity, proof of address and, where applicable, evidence of source of funds in line with current anti-money laundering requirements.
Please provide requested information promptly to avoid delays
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
FAQ
About 10, North Coronation Street, Seaham
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