North Coronation Street, Murton, Seaham, SR7 9AX

Property Overview

North Coronation Street, Murton, Seaham, SR7 9AX. Two-bedroom mid-terrace house offered on a freehold basis. The property is stated to be tenanted at £550pcm. Further details are to follow.

Accommodation

• Two bedrooms
• Mid-terrace house
• Internal accommodation details have not been supplied.

Location

The property is located on North Coronation Street, Murton, Seaham, County Durham, SR7 9AX.

Tenure & Key Information

• Tenure: Freehold
• Occupancy: Tenanted
• EPC: C
• Council Tax: Band A
• Services: The seller advises that mains gas, electricity, water and sewerage are provided. Services have not been tested.
• The seller advises very low risk of surface water flooding.
• Parking, heating and lease details have not been supplied.

Auction & Buyer Charges

• Guide price: £45,000+
• Auction date: 27th August 2026
• Auction administration fee: £2,000 + VAT, totalling £2,400.
• If using a referred North East based solicitor from the auctioneer’s panel, the auctioneer receives a referral fee of between £200 plus VAT (£240) and £400 plus VAT (£480).
• Auction time, buyer premium and other auction terms have not been supplied.

Investment Analysis

HB estimates: The five completed same-street freehold terraced sales range from £43,000 to £65,000, averaging £55,960. The two 2025 sales averaged £59,500. Indicative GDV is estimated at £56,000, subject to the property’s condition, tenancy terms and accommodation matching the comparables.

At the £45,000 guide, the known £2,400 administration fee gives a minimum guide-plus-fee outlay of £47,400 before other costs. No refurbishment estimate, rental evidence or formal valuation has been supplied. No reliable HB maximum bid or gross yield estimate is available.

Sold Comparables

HM Land Registry sold data supplied:

Rental Evidence

No separate advertised rental evidence was supplied. The property information states that the property is currently tenanted at £550pcm; passing rent and tenancy terms have not been verified. No auctioneer estimated rent was supplied.

Strategy & Risks

HB estimate: Treat as a potentially discounted tenanted purchase, but do not set a reliable maximum bid without the passing rent, tenancy details, property condition and auction legal pack. The £2,400 administration fee must be included alongside the purchase price when assessing value.

• Passing rent and tenancy terms are not supplied.
• No internal condition or refurbishment evidence is available.
• Comparable prices range materially from £43,000 to £65,000.
• The £2,400 administration fee reduces the discount to comparable value.
• Other purchase costs and auction terms are not supplied.
• Services have not been tested.