Polemarch Street, Seaham, SR7 7TQ

Property Overview

Offered for sale with a tenant in situ, this three-bedroom mid-terraced house is located on Polemarch Street, Seaham, SR7 7TQ. Further details to follow.

• Property type: 3-bedroom house – mid terrace
• Tenure: Freehold
• Occupancy: Tenant in situ
• EPC: D
• Council Tax: Band A

Accommodation

• 3 bedrooms
• 1 bathroom
• 1 reception room

Location

The property is situated on Polemarch Street, Seaham, County Durham, SR7 7TQ. Further location information has not been supplied.

Tenure & Key Information

• Freehold
• Tenant in situ
• Seller advises mains gas, electricity, water and sewerage
• Very low risk of surface water flooding, as advised by the seller
• Lease, parking and heating details have not been supplied

Auction & Buyer Charges

• Guide price: £65,000+
• Auction date: 30 September 2026
• Auction time: Not supplied
• Buyer premium: Not supplied
• Auction administration charge: £2,000 + VAT, totalling £2,400
• If using a North East-based solicitor from the auctioneer’s panel, the auctioneer receives a referral fee of between £200 + VAT (£240) and £400 + VAT (£480)

Investment Analysis

HB estimate: an indicative GDV/market value estimate of £72,000, subject to the property’s condition and tenancy terms. This is an estimate and not a formal valuation.

HB estimate: estimated rent of £625 pcm, based on the supplied advertised rental evidence. This is not an achieved or passing rent.

HB estimate: gross yield of 10.4%, calculated using the single £625 pcm advertised asking rent and the £72,000 HB value estimate. This is an estimate, not a formal valuation or verified rental return.

HB estimate: maximum hammer bid of £60,000. The known total including the £2,400 administration fee would be £62,400, before any other unprovided costs.

Sold Comparables

HM Land Registry sold data supplied:

Property	Sale price	Sale date	Type	Tenure
22 Polemarch Street, Seaham, SR7 7TQ	£61,000	5 January 2024	Terraced	Freehold
16 Polemarch Street, Seaham, SR7 7TQ	£83,000	10 March 2023	Terraced	Freehold
17 Polemarch Street, Seaham, SR7 7TQ	£77,500	7 March 2023	Terraced	Freehold
1 Polemarch Street, Seaham, SR7 7TQ	£80,000	30 April 2021	Terraced	Freehold
16 Polemarch Street, Seaham, SR7 7TQ	£58,000	28 February 2020	Terraced	Freehold

HB analysis states that the supplied five-sale average is £71,900, with sold prices ranging from £58,000 to £83,000.

Rental Evidence

Advertised rental evidence only: a comparable 3-bedroom terraced property in SR7 9HY was advertised at £625 pcm on Zoopla. This is an asking rent and is not an achieved or passing rent.

Auctioneer estimated rent: not supplied.

Strategy & Risks

HB analysis recommends treating the property as a tenant-in-situ investment and verifying the tenancy agreement, passing rent, arrears, deposit and possession position before bidding.

• Passing rent, tenancy terms, arrears and possession position are not supplied.
• Rental evidence is limited to one advertised asking rent and is not an achieved or passing rent.
• Property condition and refurbishment requirements are unknown.
• The £2,400 administration fee reduces the investment margin.
• No buyer premium or other acquisition costs have been supplied.
• The comparable sales show a wide range from £58,000 to £83,000.