Summary - 4 Theresa Street SR7 7NE
1 bed 1 bath Terraced
Freehold buy-to-let with immediate rental income and auction sale.
Tenant in situ producing £406 per calendar month
A compact one-bedroom mid-terrace in Seaham offered with a tenant in situ, making it a straightforward buy-to-let addition. The property is freehold, currently producing £406 per calendar month, and will be sold at auction — suitable for investors seeking immediate income and a quick completion route.
The house dates from the early 20th century and features double glazing, mains gas central heating, and a small rear garden. The interior is neutrally presented but the exterior and garden show signs of neglect and will need basic upkeep or tidy-up works. The plot is small and the layout is linear and efficient across approximately 678 sq ft.
Important considerations are factual: the property sits in a deprived area with above-average crime statistics, and it will be sold with the existing tenancy (no vacant possession). These factors affect management, lettings and resale planning. Flood risk is low and local broadband and mobile signals are good.
This is best suited to buy-to-let investors or portfolio buyers comfortable buying at auction and managing a let-in-place. There is modest refurbishment potential to increase rental value, but budget for exterior and garden repairs and factor in the neighbourhood profile when assessing future returns.
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