According to the public record, 20, Souter Drive, Seaham is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,076 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Souter Drive, Seaham, SR7 is located within the SR7 postal district.
20, Souter Drive, Seaham has a single entry in the Land Registry database from March 2006 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 20 Souter Drive Seaham as £216,348 and the rental value as £1,123 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 20 Souter Drive Seaham has increased by £1,157 (0.5%) and its rental value has increased by £76 per month (6.7%).
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 20, Souter Drive, Seaham is in very good condition we estimate a sale value of £227,165 and rental value of £1,179 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £201,204 and a rental value of £1,044 per month.
If you were able to purchase this property for the estimated value of £216,348, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,063 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, 20, Souter Drive, Seaham was last sold on 23 Mar 2006 for £149,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 20, Souter Drive, Seaham within a radius of 174m over the last 2 years.
The most recent example is 19, Souter Drive, Seaham, SR7 7WT, a Freehold house which sold for £267,000 in Dec 2023.
Read more about house prices in SR7.
Souter Drive, Seaham, SR7 has a total of 49 addresses. According to our analysis of all the public data, 20, Souter Drive, Seaham is the 9th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £71k more expensive than the average property in SR7.
The closest station to 20, Souter Drive, Seaham is Seaham station which is 800 m 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 20, Souter Drive, Seaham, 59.5% of property is privately owned with a mortgage and 26.1% is privately owned outright.
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 20, Souter Drive, Seaham, 23.5% of residents are recorded as possessing school level qualifications and 44.4% 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 20, Souter Drive, 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 20, Souter Drive, Seaham, 0.0% 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 20, Souter Drive, Seaham, there are an average of 1.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.