Rutherford Avenue, Seaham, SR7 0JX

Property Overview

Three-bedroom semi-detached house in Rutherford Avenue, Seaham, SR7 0JX. The property is of non-standard timber-framed construction and benefits from gas central heating, double glazing and front and rear gardens.

Accommodation

• Entrance hall
• Lounge
• WC
• Kitchen/diner
• Landing
• Three bedrooms, including bedroom one with en-suite
• Bathroom

Location

Located close to local amenities and transport links in Seaham.

Tenure & Key Information

• Tenure: Freehold
• EPC: C
• Council Tax: Band B
• Heating: Gas central heating
• Services: Seller advises that mains gas, electricity, water and sewerage are provided
• Flood information supplied: very low risk of surface water flooding and low risk from 2040–2060
• Occupancy status is not supplied

Auction & Buyer Charges

• Guide price: £115,000+
• Auction date: 30 September 2026
• Auction administration fee: £2,400 including VAT (£2,000 + VAT)
• Under Option 2, the buyer places a £3,000 deposit, deducted from the purchase price, and pays the £2,400 + VAT administration fee

Investment Analysis

HB estimate: estimated market value/GDV of £120,000, based on the supplied same-street comparable evidence. Subject condition and occupancy are not supplied.

• HB estimated rent: £550 pcm
• HB estimated gross yield at the £115,000 guide: approximately 5.74%
• HB estimated gross yield including the supplied £2,400 administration fee: approximately 5.62%
• HB estimated maximum bid: £117,600

The HB maximum bid is based only on the £120,000 estimated value less the known £2,400 fee, with no allowance for refurbishment, legal costs, finance, taxes or profit margin. These figures are estimates and are not a formal valuation.

Sold Comparables

Source: HM Land Registry sold data supplied for same-street semi-detached freehold properties.

The five supplied sales range from £95,000 to £138,000, with an average of £111,800. The latest two sales were £120,000 and £138,000.

Rental Evidence

Source: advertised rental evidence from PrimeLocation. A three-bedroom flat/apartment in Fox Street, Seaham, SR7 7UL, was advertised at £550 pcm.

The £550 pcm figure is an advertised asking rent, not an achieved or passing rent, and is only a broad rental indicator. It is not a direct comparable for this semi-detached house.

Strategy & Risks

HB estimate: consider only as a cautious owner-occupier or rental purchase if inspection confirms condition. Do not exceed the HB estimated maximum bid without evidence of condition, realistic house-specific rent and all auction costs.

• Subject condition is not supplied, so refurbishment and repair costs cannot be estimated.
• Occupancy status is unconfirmed.
• The supplied rental evidence is limited to one advertised flat listing in Seaham.
• Comparable values vary materially from £120,000 to £138,000 for the latest two sales.
• The stated £2,400 administration fee is included in the HB calculation; other purchase, finance, legal and tax costs are unknown.
• The HB maximum bid provides no allowance for refurbishment, transaction costs beyond the stated fee or investment profit margin.