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About This Property

Discover what makes this home special

Newmont Terrace is a charming two-bedroom terraced property located in the coastal town of Seaham, SR7 8FB. This well-designed home offers a comfortable living space ideal for first-time buyers, small families, or investors. The ground floor features a spacious lounge, a modern open-plan kitchen and dining area, and a convenient downstairs WC. Upstairs, there are two well-proportioned bedrooms and a family bathroom, providing a practical layout for everyday living.

Situated in a friendly neighbourhood, this property benefits from close proximity to local amenities and transport links, making it an excellent choice for those seeking a balanced lifestyle between town and sea. With its affordable price point of £189,000, Newmont Terrace represents great value in the current market and offers potential for future growth and rental yield.

Property Features

This terraced property boasts two comfortable bedrooms, suitable for couples or small families. The open-plan kitchen and dining area is designed to maximise space and natural light, creating a welcoming environment for cooking and entertaining. A spacious lounge provides a relaxing retreat, while the downstairs WC adds convenience for guests and residents alike. The property also benefits from a private garden, perfect for outdoor activities or gardening enthusiasts.

Two BedroomsDownstairs WCOpen-Plan Kitchen/DiningSpacious LoungeTerraced HouseGarden

Local Amenities

Newmont Terrace is ideally located close to excellent educational facilities such as Seaham Primary School and Seaham High School, both highly regarded in the area. For commuters, Seaham Railway Station offers direct links to Durham and Newcastle, facilitating easy access to larger cities.

Seaham Primary SchoolSeaham High SchoolSeaham Railway StationTesco SuperstoreSeaham BeachSeaham Marina+1
Seaham Railway Station Train Station (1.0 miles, 5 mins drive) • 20 mins to Durham

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£189,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£2,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Landlord's Insurance£25/mo
Agency Fees-
Est. Rent-
Net Monthly-

Mortgage Calculator

10%
25
4.5%
Monthly Payment-
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Purchase Costs
Total Price£189,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£1,500
Total Cash Required-
Monthly Costs
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Home Insurance£30/mo
Total Monthly-

International Suitability

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International Buyer Calculator

35%
20
5.5%
Monthly Payment-
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International buyers typically require 25-40% deposit with limited lender options
Purchase Costs (Non-UK Resident)
Total Price£189,000
Mortgage Deposit (Min 25%)-
Stamp Duty + 2% Surcharge-
Legal Fees (Intl Complex)£3,500
AML & ID Verification£500
Bank Transfer Fees£1,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Full Management (10%)-
Landlord's Insurance£35/mo
Est. Rent-
Net Monthly-
Key Considerations for International Buyers
+2% Stamp DutyAdditional surcharge for non-UK residents on property purchases
Higher DepositMost lenders require 25-40% deposit for non-UK residents
AML ComplianceEnhanced due diligence and source of funds verification required
Property ManagementFull management service recommended for overseas landlords

Investment Analytics

Key metrics for investors & buyers
Gross Rental Yield
5.1%
Based on £803/mo rent
Area Price Growth
+2.8%
Average annual increase
5-Year Value Forecast
£216,773
+£27,773 projected gain
5-Year Rent Forecast
£1,174/mo
Based on 7.9% annual growth
Price per Sq Ft£270
Annual Rent Income£9,636
10-Year ROI204%
Break-Even Point13 yrs

Property Value Projection

Based on 2.8% annual growth
£216,773
5yr
£248,627
10yr
£285,162
15yr
£327,065
20yr
£375,126
25yr
Current: £189,000

Monthly Rental Income

Based on 7.9% annual growth
£1,174
5yr
£1,718
10yr
£2,512
15yr
£3,674
20yr
£5,373
25yr
Current: £803/mo
* Projections are estimates based on historical market data and are not guaranteed. Past performance does not indicate future results.

Property Features

Local Area & Amenities

Floorplan

Ground Floor

Property Floorplan

Site Plan

Site Plan

Location

Commute Time Planner

Durham
20 mins
25 mins
Newcastle
40 mins
45 mins

Location Scores

55
Walk Score
Somewhat Walkable
60
Transit Score
Good Transit
50
Bike Score
Bikeable
View Location Details

Future Developments Nearby

Commercial & Residential+Positive Impact
Seaham Town Centre Regeneration
0.8 milesEst. 2025
* Information based on local planning applications and may be subject to change

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£189,000
AvailableNB0000051752
View Location Analytics

Newmont Terrace

Seaham, Seaham SR7 8FB
Seaham Garden Village
2
Bedrooms
1
Bathrooms
700
Est. Sq ft
terraced
Type

Developer

Miller Homes
Available Plot Numbers
213
1 plot(s) available
Ownershipfreehold

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£189,000Newmont Terrace

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Newmont Terrace
Newmont TerraceSeaham£189,000

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