According to the public record, 2, Mulberry Way, Seaham is a modern freehold house and with 1,097 ft2 of internal area and sits on a 186 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Mulberry Way, Seaham, SR7 is located within the SR7 postal district.
2, Mulberry Way, Seaham has a single entry in the Land Registry database from April 2019 and no records in the EPC database.
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 good condition, we estimate the current sale value for 2 Mulberry Way Seaham as £196,300 and the rental value as £1,082 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 2 Mulberry Way Seaham has increased by £6,193 (3.2%) and its rental value has increased by £105 per month (9.7%).
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 2, Mulberry Way, Seaham is in very good condition we estimate a sale value of £206,115 and rental value of £1,136 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £182,559 and a rental value of £1,006 per month.
If you were able to purchase this property for the estimated value of £196,300, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £965 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, 2, Mulberry Way, Seaham sits on a plot of 186m2.
We have plot size data on 51 out of 51 other houses in the postcode and 2, Mulberry Way, Seaham sits on the 23rd largest plot.
According to HM Land Registry, 2, Mulberry Way, Seaham was last sold on 12 Apr 2019 for £170,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2019, the market for similar properties has risen 23.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Mulberry Way, Seaham within a radius of 149m over the last 2 years.
The most recent example is 41, Mulberry Way, Seaham, SR7 7DZ, a Freehold house which sold for £195,000 in Aug 2023.
Read more about house prices in SR7.
Mulberry Way, Seaham, SR7 has a total of 51 addresses. According to our analysis of all the public data, 2, Mulberry Way, Seaham is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £51k more expensive than the average property in SR7.
2, Mulberry Way, Seaham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 21 Jan 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 2, Mulberry Way, Seaham is Seaham station which is 1.2 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 2, Mulberry Way, Seaham, 51.0% of property is privately owned with a mortgage and 24.3% is socially rented.
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 2, Mulberry Way, Seaham, 23.2% of residents are recorded as possessing school level qualifications and 30.2% 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 2, Mulberry Way, Seaham, the average age was 40.3 and the most common age was 12.
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 2, Mulberry Way, Seaham, 0.5% 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 2, Mulberry Way, Seaham, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.