According to the public record, 25, Melrose Avenue, Seaham is a mid-century freehold house and with 807 ft2 of internal area and sits on a 182 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Melrose Avenue, Murton, Seaham, SR7 is located within the SR7 postal district.
25, Melrose Avenue, Seaham has a single entry in the Land Registry database from May 2020 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 reasonable condition, we estimate the current sale value for 25 Melrose Avenue Seaham as £125,807 and the rental value as £867 per month giving an expected gross yield of 8.3%.
Over the last 12 months the sale value of 25 Melrose Avenue Seaham has increased by £2,934 (2.3%) and its rental value has increased by £75 per month (8.6%).
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 25, Melrose Avenue, Seaham is in very good condition we estimate a sale value of £132,097 and rental value of £910 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £117,000 and a rental value of £806 per month.
If you were able to purchase this property for the estimated value of £125,807, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £618 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, 25, Melrose Avenue, Seaham sits on a plot of 182m2.
We have plot size data on 21 out of 37 other houses in the postcode and 25, Melrose Avenue, Seaham sits on the 11th largest plot.
According to HM Land Registry, 25, Melrose Avenue, Seaham was last sold on 29 May 2020 for £90,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2020, the market for similar properties has risen 21.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 25, Melrose Avenue, Seaham within a radius of 151m over the last 2 years.
The most recent example is 2, Melrose Avenue, Seaham, SR7 9SA, a Freehold house which sold for £120,000 in Nov 2023.
Read more about house prices in SR7.
Melrose Avenue, Murton, Seaham, SR7 has a total of 64 addresses. According to our analysis of all the public data, 25, Melrose Avenue, Seaham is the 36th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £19k less expensive than the average property in SR7.
25, Melrose Avenue, Seaham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Mar 2013.
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 25, Melrose Avenue, Seaham is Seaham station which is 4.8 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 25, Melrose Avenue, Seaham, 65.8% of property is privately owned outright and 25.5% 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 25, Melrose Avenue, Seaham, 8.8% of residents are recorded as possessing school level qualifications and 28.4% 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 25, Melrose Avenue, Seaham, the average age was 41.9 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 25, Melrose Avenue, Seaham, 1.3% 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 25, Melrose Avenue, 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.