About This Property

Discover what makes this home special

The Finholme is a modern, well-designed two-bedroom apartment located in the heart of County Durham, offering a perfect blend of comfort and convenience. Priced at £156,995, this property presents an excellent opportunity for first-time buyers, downsizers, or investors seeking a quality home with contemporary finishes. The spacious living/kitchen area is bright and airy, complemented by two well-proportioned bedrooms, including a master with an en-suite bathroom, and a separate main bathroom. Additional storage and utility spaces add to the property's practicality.

Situated within a peaceful development in Peterlee, this apartment benefits from easy access to local amenities and transport links. The south-east facing garden area ensures good natural light throughout the day, enhancing the living experience. With nearby schools, supermarkets, and transport connections, The Finholme is ideal for families and professionals alike.

Property Features

This apartment features two comfortable bedrooms, including a master with an en-suite bathroom, and a separate family bathroom. The open-plan living and kitchen area provides a versatile space for dining and relaxation, enhanced by large windows allowing ample natural light. Practical additions such as a utility room and storage cupboard improve functionality, while the south-east facing garden offers a pleasant outdoor space for residents.

Two BedroomsTwo BathroomsEn-suiteOpen Plan Living/KitchenUtility RoomStorage Cupboard+1

Local Amenities

The Finholme benefits from proximity to Peterlee Town Centre, providing a variety of shops, dining options, and essential services. Horden Train Station, just over 2 miles away, offers rail connections to Durham and Newcastle, facilitating commuter travel. Families will appreciate nearby schools such as Peterlee Community Primary School. Additional amenities include Tesco supermarket for daily shopping, Peterlee Leisure Centre for fitness and recreation, and several local parks offering green spaces for outdoor activities.

Peterlee Town CentreHorden Train StationPeterlee Community Primary SchoolTesco SupermarketPeterlee Leisure CentreLocal Parks
Horden Train Station (2.1 miles, 7 mins drive) • 35 mins by train to Durham

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£156,995
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£2,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£65/mo
Estimated Ground Rent£5/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£156,995
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£1,500
Total Cash Required-
Monthly Costs
Estimated Service Charge£65/mo
Estimated Ground Rent£5/mo
Mortgage-
Home Insurance£30/mo
Total Monthly-

International Suitability

Moderate Opportunity
60/100
ChallengingModerateGoodExcellent
Affordable entry price
Limited direct international transport links
Stable rental demand from local workforce

International Buyer Calculator

35%
20
5.5%
Monthly Payment-
Specialist international mortgagesSpeak to a broker experienced with non-UK resident buyers
Get Advice
International buyers typically require 25-40% deposit with limited lender options
Purchase Costs (Non-UK Resident)
Total Price£156,995
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£65/mo
Estimated Ground Rent£5/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 £667/mo rent
Area Price Growth
+2.8%
Average annual increase
5-Year Value Forecast
£180,065
+£23,070 projected gain
5-Year Rent Forecast
£976/mo
Based on 7.9% annual growth
Price per Sq Ft£224
Annual Rent Income£8,004
10-Year ROI204%
Break-Even Point14 yrs

Property Value Projection

Based on 2.8% annual growth
£180,065
5yr
£206,525
10yr
£236,873
15yr
£271,680
20yr
£311,603
25yr
Current: £156,995

Monthly Rental Income

Based on 7.9% annual growth
£976
5yr
£1,427
10yr
£2,087
15yr
£3,052
20yr
£4,463
25yr
Current: £667/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

Floorplans

Ground Floor

Property Floorplan

Site Plan

Site Plan

Location

Commute Time Planner

Durham
35 mins
25 mins
Newcastle
55 mins
45 mins

Sun Path & Natural LightAI generated - Estimated

NESW
South-East-Facing Excellent
6h
Garden Sun (Summer)
Yes
Morning Sun
No
Afternoon Sun

Room-by-Room Light Analysis

Living / Kitchen
Morning Excellent
Afternoon Moderate
Evening Low
Bedroom 1
Morning Good
Afternoon Moderate
Evening Low
Bedroom 2
Morning Good
Afternoon Moderate
Evening Low

Location Scores

45
Walk Score
Car-Dependent
50
Transit Score
Good Transit
40
Bike Score
Somewhat Bikeable
View Location Details

Future Developments Nearby

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

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£156,995
AvailableNB0000045997
View Location Analytics

The Finholme

County Durham, Seaham SR7 8RN
Seaham Garden Village Phase 2
2
Bedrooms
2
Bathrooms
700
Est. Sq ft
apartment
Type

Developer

Taylor Wimpey
Available Plot Numbers
75
1 plot(s) available
Ownershipleasehold

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£156,995The Finholme

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The Finholme
The FinholmeCounty Durham£156,995

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