According to the public record, 23, New Drive, Seaham is a mid-century freehold house with 699 ft2 of internal area and sits on a 187 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
New Drive, Seaham, SR7 is located within the SR7 postal district.
23, New Drive, Seaham has 3 entries in the Land Registry database, most recently in December 2023 and a single entry in the EPC database dated August 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 23 New Drive Seaham as £134,149 and the rental value as £899 per month giving an expected gross yield of 8%.
Over the last 12 months the sale value of 23 New Drive Seaham has increased by £2,691 (2.0%) and its rental value has increased by £75 per month (8.3%).
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 23, New Drive, Seaham is in very good condition we estimate a sale value of £140,857 and rental value of £944 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £124,759 and a rental value of £836 per month.
If you were able to purchase this property for the estimated value of £134,149, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £659 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, 23, New Drive, Seaham sits on a plot of 187m2.
We have plot size data on 3 out of 13 other houses in the postcode and 23, New Drive, Seaham sits on the 2nd largest plot.
According to HM Land Registry, 23, New Drive, Seaham was last sold on 20 Dec 2023 for £125,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Dec 2023, the market for similar properties has risen 5.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, New Drive, Seaham within a radius of 590 metres over the last 2 years.
The most recent example is 6, Derwent Close, Seaham, SR7 7BS, a Freehold house which sold for £120,000 in Sep 2023.
Read more about house prices in SR7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Drive, Seaham, SR7 has a total of 13 addresses. According to our analysis of all the public data, 23, New Drive, Seaham is the 11th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £11k less expensive than the average property in SR7.
23, New Drive, Seaham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Aug 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 23, New Drive, Seaham is Seaham station which is 500 metres 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 23, New Drive, Seaham, 35.2% of property is socially rented and 31.5% 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 23, New Drive, Seaham, 12.8% of residents are recorded as possessing school level qualifications and 24.5% 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 23, New Drive, Seaham, the average age was 42.6 and the most common age was 62.
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 23, New 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 23, New Drive, Seaham, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.