Rainton Street, Seaham, SR7 7QS

Property Overview

Source property information: Two-bedroom freehold terraced house on Rainton Street, Seaham, SR7 7QS. The supplied description states that the property is immaculately presented, has no onward chain and is offered with a guide price of £75,000+.

• Two-bedroom terraced house
• Freehold
• EPC rating: C
• Council Tax Band A
• Driveway for off-road parking

Accommodation

Entrance porch; living room (4.60m x 4.50m); dining room (3.40m x 2.80m); kitchen (4.00m x 1.80m); bathroom (2.00m x 1.80m); first-floor landing; bedroom 1 (4.60m x 3.50m); bedroom 2 (3.80m x 2.60m).

The supplied description refers to a spacious lounge, separate dining room, contemporary newly fitted kitchen, modern three-piece bathroom and two double bedrooms. Outside is a driveway and rear yard.

Location

Conveniently located just off Princess Road and within a short ten-minute walk of Seaham town centre.

Tenure & Key Information

• Tenure: Freehold
• Occupancy: Not stated
• Services: Seller advises mains gas, electricity, water and sewerage. None of the services have been tested.
• Heating: Not supplied

Auction & Buyer Charges

• Guide price: £75,000+
• Auction date: 30 September 2026
• Administration charge: £2,400 including VAT (£2,000 + VAT)
• Under Option 2 terms, the buyer places a £3,000 deposit, deductible from the purchase price.
• Buyer premium: Not supplied
• If using a 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).

Investment Analysis

HB estimates only, not a formal valuation. HB estimated GDV: £84,950, using the median of five supplied sold comparables on Rainton Street (£70,000–£105,000; average £83,590). The £75,000+ guide is below this comparable evidence, but property condition, exact address matching and occupancy are not supplied.

No HB refurbishment estimate, rental return, gross yield or maximum bid has been provided. The known £2,400 administration fee should be allowed for; the £3,000 deposit is deductible from the purchase price under Option 2 and is not an additional cost.

Sold Comparables

HM Land Registry sold data supplied:

Address	Sold Price	Sold Date	Type	Tenure
1, Rainton Street, Seaham, County Durham, SR7 7QS	£105,000	11 March 2026	Terraced	Freehold
21, Rainton Street, Seaham, County Durham, SR7 7QS	£84,950	20 February 2025	Terraced	Freehold
35, Rainton Street, Seaham, County Durham, SR7 7QS	£70,000	2 September 2024	Terraced	Freehold
1, Rainton Street, Seaham, County Durham, SR7 7QS	£73,000	13 November 2023	Terraced	Freehold
7, Rainton Street, Seaham, County Durham, SR7 7QS	£85,000	16 August 2023	Terraced	Freehold

Rental Evidence

No advertised rental evidence or auctioneer estimated rent has been supplied. Rent is therefore not stated and no rental return can be calculated. Any asking or estimated rent should not be treated as achieved or passing rent.

Strategy & Risks

HB strategy estimate: Treat the guide as an entry point only. Compare the total purchase cost, including the £2,400 administration fee, against the HB comparable-based GDV, and set a bid ceiling only after confirming condition, vacant or tenanted status and any buyer premium. Do not rely on rental returns without achieved or advertised rent evidence.

• Property condition and required refurbishment are not supplied.
• Occupancy status is not stated.
• No rental comparables or auctioneer rent estimate are provided.
• Buyer premium is not supplied.
• Sold comparable prices vary materially from £70,000 to £105,000.
• The £2,400 administration charge reduces the effective acquisition margin.