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

Description

Auction House presents this three bedroom mid terrace house located in Murton and offered via online auction. The property is being sold with vacant possession and is described as 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 sales range from £47,000 to £61,753 (2025–2026), with an older £72,000 sale in 2022. Given the absence of size, condition and specification details, a cautious base GDV of £55,000 is used; the £47,000 and £61,753 recent sales provide the low and high scenarios.

Investment Snapshot

Strategy Recommendation

Potential low-cost BTL or BRRR candidate only after confirming condition, legal-pack costs and achievable rent. Do not bid solely against the headline GDV; set a bid limit after obtaining a refurbishment and full-cost assessment.

Works Required

No specific defects or required works are evidenced. Obtain a survey and legal pack review before budgeting for any refurbishment; only the stated three-bedroom accommodation, kitchen, utility room, bathroom and rear garden are confirmed.

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% refinance is approximately £41,250. The strategy cannot be fully assessed because refurbishment costs, total acquisition costs, finance costs and achievable rent are not supplied. The upper guide alone is below the indicative refinance amount, but this does not establish a viable cash-out result.

Buy-to-Let Analysis

Using the £40,000 upper guide as the analysis purchase figure and the £550 pcm advertised Seaham rent, gross rent is £6,600 annually and the gross yield is 16.5% before costs. Advertised rents range widely from £325 to £725 pcm, with no passing rent or confirmed achieved rent, and refurbishment and additional auction costs are unknown.

Flip Analysis

The £55,000 base GDV is supported by recent same-street sales, but no works budget, selling allowance, finance cost or complete acquisition-cost schedule is available. A reliable flip surplus and maximum bid therefore cannot be calculated.

Investor Risks & Due Diligence

• Unknown condition and refurbishment requirement

• Wide spread in advertised rents, with no achieved or passing rent evidence

• Additional auction costs may include searches, seller costs, legal fees and transfer fees

• Comparable sale prices vary materially and include different dates

• EPC is inconsistently stated as D and C

• Maximum bid cannot be established without works and full project costs

Recommendation

Potential low-cost BTL or BRRR candidate only after confirming condition, legal-pack costs and achievable rent. Do not bid solely against the headline GDV; set a bid limit after obtaining a refurbishment and full-cost assessment.

Strategy Rating

Analysis Confidence

Recent same-street sold evidence and several advertised rents are available, but property condition, floor area, achieved rent, full auction costs and refurbishment requirements are not supplied. The EPC is also inconsistently reported as D and C.