According to the public record, 53, Marsdon Way, Seaham is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 934 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Marsdon Way, Seaham, SR7 is located within the SR7 postal district.
53, Marsdon Way, Seaham has 31 entries in the Land Registry database, most recently in January 2014 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 53 Marsdon Way Seaham as £250,182 and the rental value as £1,170 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 53 Marsdon Way Seaham has increased by £1,338 (0.5%) and its rental value has increased by £79 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 53, Marsdon Way, Seaham is in very good condition we estimate a sale value of £262,691 and rental value of £1,229 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £232,669 and a rental value of £1,088 per month.
If you were able to purchase this property for the estimated value of £250,182, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,230 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, 53, Marsdon Way, Seaham was last sold on 17 Jan 2014 for £174,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jan 2014, the market for similar properties has risen 31.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 53, Marsdon Way, Seaham within a radius of 75m over the last 2 years.
The most recent example is 25, Marsdon Way, Seaham, SR7 7WX, a Freehold house which sold for £230,000 in Dec 2023.
Read more about house prices in SR7.
Marsdon Way, Seaham, SR7 has a total of 65 addresses. According to our analysis of all the public data, 53, Marsdon Way, Seaham is the 60th largest and the 60th most expensive property on the street.
When compared to the postcode district it is £105k more expensive than the average property in SR7.
The closest station to 53, Marsdon Way, Seaham is Seaham station which is 900 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 53, Marsdon Way, Seaham, 64.0% of property is privately owned with a mortgage and 31.0% 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 53, Marsdon Way, Seaham, 33.9% of residents are recorded as possessing school level qualifications and 45.3% 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 53, Marsdon Way, 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 53, Marsdon Way, Seaham, 0.6% 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 53, Marsdon Way, Seaham, there are an average of 1.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.