Summary - 2 Cottages Road SR7 7RL
3 bed 1 bath Terraced
Income-producing terrace with garden and scope for value-add.
Tenant in situ generating £462 pcm (income to purchaser)
Sold at auction — fees and buyer’s obligations apply
Freehold mid-terrace, approx 894 sq ft, three bedrooms
Large front garden and substantial rear yard (development potential)
Built 1900–1929; double glazing present (installation date unknown)
Mains gas boiler and radiators; filled cavity walls
Located in a very deprived area; constrained-renter market
Likely requires cosmetic updating to exterior and internal finishes
A three-bedroom mid-terrace near Seaham town centre, offered at auction with a tenant in situ producing £462 per month. The property sits on a decent plot with a large front garden and a substantial rear yard, giving clear scope for landscaping or modest extension (subject to permissions).
Constructed c.1900–1929, the house has double glazing (install date unknown), mains gas boiler and radiators, and filled cavity walls. Interiors include two reception rooms and a medium-sized living room with a stone feature fireplace and hardwood flooring. At c.894 sq ft the layout is average-sized and straightforward for a range of buyers.
This will suit investors seeking an immediate income stream or buyers prepared to manage a tenant until vacant possession can be negotiated. The property will be sold at auction (fees apply) and is freehold; buyers should factor auction costs and likely light refurbishment to update the exterior and some fittings.
Be candid: the address is in a very deprived area with constrained-renter demographic, which affects long-term capital growth prospects. Council Tax is low (Band A), and local schools are rated Good, but purchasers should carry out their own checks and tenancy due diligence before bidding.
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