According to the public record, 1, Peartree Rise, Seaham is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 2,415 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Peartree Rise, Seaton, Seaham, SR7 is located within the SR7 postal district.
1, Peartree Rise, Seaham has a single entry in the Land Registry database from June 2009 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Peartree Rise Seaham as £486,639 and the rental value as £2,026 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 1 Peartree Rise Seaham has increased by £2,977 (0.6%) and its rental value has increased by £132 per month (6.5%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Peartree Rise, Seaham is in very good condition we estimate a sale value of £510,971 and rental value of £2,128 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £452,575 and a rental value of £1,884 per month.
If you were able to purchase this property for the estimated value of £486,639, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,392 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1, Peartree Rise, Seaham was last sold on 26 Jun 2009 for £470,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2009, the market for similar properties has risen 40.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Peartree Rise, Seaham within a radius of 176m over the last 2 years.
The most recent example is 3, The Meadows, Seaham, SR7 0QB, a Freehold house which sold for £520,000 in Jul 2022.
Read more about house prices in SR7.
Peartree Rise, Seaton, Seaham, SR7 has a total of 3 addresses. According to our analysis of all the public data, 1, Peartree Rise, Seaham is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £341k more expensive than the average property in SR7.
The closest station to 1, Peartree Rise, Seaham is Seaham station which is 2.8 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Peartree Rise, Seaham, 51.5% of property is privately owned outright and 36.0% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Peartree Rise, Seaham, 14.6% of residents are recorded as possessing school level qualifications and 36.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Peartree Rise, Seaham, the average age was 43.9 and the most common age was 57.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Peartree Rise, Seaham, 1.2% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Peartree Rise, Seaham, there are an average of 1.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.