3 James Street South Murton, Seaham, County Durham, SR7 9AS

Description

Auction House would like to present this three bedroom mid terrace house located in Murton and offered to the market via online auction. This property is being sold with vacant possession but provides an excellent investment opportunity in a highly sought after rental area.

Accommodation

Brief entrance hallway leading to a lounge, kitchen, utility room, bathroom, three bedrooms, and a rear garden.

Location

Located in Murton, close to a range of amenities and transport links.

Tenure / Property Information

Investment Analysis

Recent same-street completed sales range from £47,000 in November 2025 to £61,753 in February 2026. An older 2022 sale was £72,000, but condition, bedroom count and specification are not supplied for the comparables. A base GDV estimate of £55,000 is used, with £47,000 low and £72,000 high scenarios. The range remains uncertain because the property's condition is not described and the EPC information conflicts between ratings D and C.

Investment Snapshot

Strategy Recommendation

Proceed only after inspecting the vacant property and reviewing the legal pack. BTL may be attractive if the £625 pcm asking rent is achievable and the purchase price remains well below the supported GDV range; do not bid against an unquantified works requirement.

Works Required

No specific defects or refurbishment works are evidenced. Obtain a viewing, survey and legal-pack review before budgeting; only evidenced repairs and compliance works should be allowed for.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £55,000 base GDV, 75% refinancing equates to £41,250. Cash left in cannot be calculated because refurbishment costs and other completion charges are unknown. The £3,600 admin charge is known, while additional legal, search, seller-cost reimbursement, transfer and disbursement charges may also apply.

Buy-to-Let Analysis

The supplied rental listing advertises £625 pcm, equivalent to £7,500 annually, but this is an asking rent rather than achieved rent. Gross yield is approximately 25% at the £30,000 guide and 15% at the £50,000 guide, before the £3,600 admin charge, purchase costs, works, finance, voids and management. A reliable net yield cannot be established without refurbishment and full acquisition costs.

Flip Analysis

A flip assessment cannot be reliably quantified because no condition-based works budget or supported selling-cost allowance is provided. The base GDV estimate is £55,000, but the apparent margin over the auction range may be materially reduced by refurbishment, the £3,600 admin charge, other acquisition costs and resale costs.

Investor Risks & Due Diligence

• Property condition and required works are not evidenced.

• The EPC is inconsistently stated as both D and C.

• The £625 pcm figure is an advertised asking rent, not a passing or achieved rent.

• Additional legal, search, seller-cost reimbursement, transfer and disbursement charges may apply.

• Comparable sale specifications and condition are not supplied, limiting GDV reliability.

• Vacant possession creates letting, void and condition risk before rental income is achieved.

Recommendation

Proceed only after inspecting the vacant property and reviewing the legal pack. BTL may be attractive if the £625 pcm asking rent is achievable and the purchase price remains well below the supported GDV range; do not bid against an unquantified works requirement.

Strategy Rating

Analysis Confidence

There are several same-street completed sales and one rental listing, but comparable specifications, property condition, refurbishment costs, full fees and achieved rent are not supplied. EPC information is also inconsistent.