According to the public record, 6, Park Lane, Seaham is a period freehold house and with 1,345 ft2 of internal area and sits on a 90.2 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Park Lane, Murton, Seaham, SR7 is located within the SR7 postal district.
6, Park Lane, Seaham has 21 entries in the Land Registry database, most recently in June 2017 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 6 Park Lane Seaham as £145,994 and the rental value as £894 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 6 Park Lane Seaham has increased by £1,222 (0.8%) and its rental value has increased by £63 per month (7.1%).
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 6, Park Lane, Seaham is in very good condition we estimate a sale value of £153,293 and rental value of £939 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £135,774 and a rental value of £832 per month.
If you were able to purchase this property for the estimated value of £145,994, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £718 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, 6, Park Lane, Seaham sits on a plot of 90m2.
We have plot size data on 6 out of 7 other houses in the postcode and 6, Park Lane, Seaham sits on the 6th largest plot.
According to HM Land Registry, 6, Park Lane, Seaham was last sold on 16 Jun 2017 for £133,560 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2017, the market for similar properties has risen 26.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, Park Lane, Seaham within a radius of 344m over the last 2 years.
The most recent example is 43, Gowland Square, Seaham, SR7 9HE, a Freehold house which sold for £138,000 in Feb 2023.
Read more about house prices in SR7.
Park Lane, Murton, Seaham, SR7 has a total of 7 addresses. According to our analysis of all the public data, 6, Park Lane, Seaham is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £828 more expensive than the average property in SR7.
6, Park Lane, Seaham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Aug 2014.
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 6, Park Lane, Seaham is Seaham station which is 4.1 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 6, Park Lane, Seaham, 51.3% of property is privately owned outright and 30.4% 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 6, Park Lane, Seaham, 13.1% of residents are recorded as possessing school level qualifications and 29.3% 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 6, Park Lane, 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 6, Park Lane, Seaham, 0.7% 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 6, Park Lane, 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.