Home/Developers/North East/Seaham
Developers in Seaham
Seaham stock that is not earning.
An empty Seaham unit still costs finance, council tax and service charge every month it stands there. We take it on a company let and pay a fixed monthly rent instead.
Three Ways We Work
Three things we do.
Unsold & Slow-Moving Units
A finished unit that has not sold earns a fixed monthly sum instead of a council tax bill, and comes back to you when a buyer appears. How this works →
Site Team Accommodation
Whole properties near site for the crew, cleaned and serviced, instead of a scatter of travel hotels and loose receipts. How this works →
Whole Block or Phase
One agreement and one payer across a whole phase, instead of a stack of individual lettings and holding costs. How this works →
Seaham
How the numbers are worked out
Service charge, ground rent and who insures what all change the net position, so they are settled during pricing rather than discovered after handover.
Seaham
How it runs day to day
Both sides use solicitors. We are asking a developer to grant a lease to a company, and nobody should sign that on a handshake.
Seaham
Who this suits — and who it doesn't
This suits an owner who wants the property to work without becoming a second job. It does not suit someone who wants to approve every booking — that is a different relationship and it does not run well.
Seaham
The compliance side
Where a council requires planning consent for a particular use, that is a question for the council and not for us to answer on their behalf. We will point an owner at the right place.
Seaham
The limits, stated up front
We do not present an estimate as a measurement. Where a figure is an estimate, it is labelled as one.
Seaham
Getting started
An owner with several properties should say so early — it usually simplifies things rather than complicating them.
Coverage
Other places we work near Seaham
Straight Answers
What you should check first.
Be sceptical, and check us properly. We operate two properties, we have not run a developer scheme, and a rent is only ever worth what the company behind it is worth. Company No. 16187542, and we will hand over what you need to check it properly. Where the numbers get serious, so does the security around them. That conversation happens early rather than late.
Nothing on this page is a valuation, a financial promotion or investment advice. Terms are specific to the scheme in front of us and are agreed in writing before either side commits.
Your Questions
What developers want to know about Seaham.
Still not sure? Ask us about your property and we'll answer for your specific situation.
Why would we let Seaham units rather than just discount them?
A discount is permanent and a letting is not. If the sales market is slow rather than broken, income across the slow period plus a break clause for when a buyer appears usually beats cutting the asking price on the last few plots.
What happens to the Seaham agreement if we sell the block?
The agreement is with the property, so a buyer takes it subject to our lease. That is worth raising with your agent early, because for some buyers an income-producing block is more attractive and for others it is not.
Can you house our site team instead?
That is a separate arrangement we also offer: managed accommodation near site for your own staff and contractors, on one company account with a single monthly invoice.
Who is responsible for gas, electrical and fire safety?
A lease does not make an owner's safety duties disappear and we will not pretend otherwise. Which obligations sit where is written into the agreement before anyone signs, and both solicitors should look at that clause specifically.
Will you sign an NDA before we send Seaham scheme details?
Yes, without fuss.