St. Ives Place, Murton, Seaham, SR7 9LG

Property Overview

A three-bedroom freehold end-terraced house at St. Ives Place, Murton, Seaham, offered for sale with no onward chain. The property includes a reception room, kitchen/dining room, separate utility room, three bedrooms and a family shower room.

Accommodation

• Entrance lobby
• Living room: 5.90m x 3.50m
• Kitchen/dining room: 5.90m x 2.90m
• Utility room: 4.40m x 1.90m
• First-floor landing
• Bedroom 1: 3.50m x 3.10m
• Bedroom 2: 3.30m x 2.50m
• Bedroom 3: 2.60m x 2.50m
• Shower room: 2.30m x 1.60m
• Front garden and private rear yard

Location

Situated in the popular area of Murton, with easy access to local amenities, schools and transport links.

Tenure & Key Information

• Tenure: Freehold
• EPC: D
• Council Tax: Band A
• Occupancy: Not supplied
• Parking: Not supplied
• Heating: Not supplied
• Services: The seller advises that the property has mains gas, electricity, water and sewerage.
• Very low risk of surface water flooding, as advised in the supplied property information.

Auction & Buyer Charges

• Guide price: £60,000+
• Auction date: 30 September 2026
• Auction time: Not supplied
• Buyer premium: Not supplied
• Auction Administration Fee: £2,000 plus VAT, totalling £2,400, payable by the successful buyer.
• If a buyer chooses to use 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: the two most recent same-street completed sales were £68,700 and £72,500 in 2022, with a calculated average of £70,600. The £60,000+ guide price is below this recent comparable average; however, refurbishment condition, internal specification and occupancy have not been supplied.

• HB estimated market value analysis: £70,600
• HB estimated rent: £670 pcm
• HB estimated gross yield: 13.4%
• HB provisional maximum bid: £60,000

At the £60,000 guide price, the £2,400 administration fee produces an acquisition cost of £62,400 before other costs. The £670 pcm figure is based on advertised rental evidence and is not achieved or passing rent. HB figures are estimates and not a formal valuation or fully costed investment appraisal.

Sold Comparables

Property	Sold Price	Sold Date	Type	Tenure
91, St Ives Place, Murton, Seaham, County Durham, SR7 9LG	£68,700	16 December 2022	Terraced	Freehold
77, St Ives Place, Murton, Seaham, County Durham, SR7 9LG	£72,500	9 May 2022	Terraced	Freehold
75, St Ives Place, Murton, Seaham, County Durham, SR7 9LG	£65,000	4 August 2017	Terraced	Freehold
77, St Ives Place, Murton, Seaham, County Durham, SR7 9LG	£65,000	12 June 2017	Terraced	Freehold
75, St Ives Place, Murton, Seaham, County Durham, SR7 9LG	£45,000	24 November 2014	Terraced	Freehold

Source: HM Land Registry sold data supplied for the comparable properties.

Rental Evidence

One advertised rental comparable for a three-bedroom end-terraced property in Murton, Seaham, at £670 pcm. This is advertised asking rent evidence only and is not achieved or passing rent.

Strategy & Risks

HB estimate: bid cautiously at or below £60,000, subject to survey and legal review. The recent comparable average indicates potential value, but the available evidence does not quantify refurbishment, legal, finance or other acquisition costs.

• Refurbishment condition and required works are not provided.
• Only one rental listing is available and it is an advertised asking rent, not achieved rent.
• The two most relevant completed sales are from 2022, so current market value is uncertain.
• Buyer premium and other purchase costs are not supplied.
• Occupancy and vacant-possession status are not provided.
• The £60,000 maximum bid is a provisional HB estimate and not a fully costed investment appraisal.