According to the public record, 16, West Lane, Seaham is a early-century freehold house with 1,022 ft2 of internal area and sits on a 363 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
West Lane, Hawthorn, Seaham, SR7 is located within the SR7 postal district.
16, West Lane, Seaham has a single entry in the Land Registry database from March 2021 and a single entry in the EPC database dated March 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 16 West Lane Seaham as £184,491 and the rental value as £1,012 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 16 West Lane Seaham has increased by £1,763 (1.0%) and its rental value has increased by £81 per month (8.0%).
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 16, West Lane, Seaham is in very good condition we estimate a sale value of £193,715 and rental value of £1,063 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £171,576 and a rental value of £941 per month.
If you were able to purchase this property for the estimated value of £184,491, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £907 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 data from HM Land Registry, 16, West Lane, Seaham sits on a plot of 363m2.
We have plot size data on 22 out of 35 other houses in the postcode and 16, West Lane, Seaham sits on the 7th largest plot.
According to HM Land Registry, 16, West Lane, Seaham was last sold on 19 Mar 2021 for £150,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2021, the market for similar properties has risen 11.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, West Lane, Seaham within a radius of 1.9 kilometres over the last 2 years.
The most recent example is 11, West Lane, Seaham, SR7 8SB, a Freehold house which sold for £105,000 in Jul 2019.
Read more about house prices in SR7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
West Lane, Hawthorn, Seaham, SR7 has a total of 35 addresses. According to our analysis of all the public data, 16, West Lane, Seaham is the 5th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £39k more expensive than the average property in SR7.
16, West Lane, Seaham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Mar 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 16, West Lane, Seaham is Seaham station which is 3.9 kilometres 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 16, West Lane, Seaham, 52.5% of property is privately owned outright and 35.0% 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 16, West Lane, Seaham, 14.8% of residents are recorded as possessing school level qualifications and 36.3% 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 16, West Lane, Seaham, the average age was 43 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 16, West Lane, Seaham, 1.0% 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 16, West Lane, Seaham, there are an average of 1.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.