According to the public record, 23A, Ilchester Street, Seaham is a period leasehold apartment and with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 23, Ilchester Street, Seaham, SR7.
Ilchester Street, Seaham, SR7 is located within the SR7 postal district.
23A, Ilchester Street, Seaham has a single entry in the Land Registry database from September 2014 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 23A Ilchester Street Seaham as £45,308 and the rental value as £365 per month giving an expected gross yield of 9.7%.
Over the last 12 months the sale value of 23A Ilchester Street Seaham has increased by £803 (1.8%) and its rental value has increased by £30 per month (8.1%).
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 23A, Ilchester Street, Seaham is in very good condition we estimate a sale value of £47,573 and rental value of £384 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £42,137 and a rental value of £340 per month.
If you were able to purchase this property for the estimated value of £45,308, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £223 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, 23A, Ilchester Street, Seaham was last sold on 26 Sep 2014 for £47,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2014, the market for similar properties has risen 19.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23A, Ilchester Street, Seaham within a radius of 467m over the last 2 years.
The most recent example is 13, Frederick Street, Seaham, SR7 7HX, a Leasehold flat which sold for £47,000 in Jul 2023.
Read more about house prices in SR7.
Ilchester Street, Seaham, SR7 has a total of 52 addresses. According to our analysis of all the public data, 23A, Ilchester Street, Seaham is the 41st largest and the 41st most expensive property on the street.
When compared to the postcode district it is £100k less expensive than the average property in SR7.
23A, Ilchester Street, Seaham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Jul 2019.
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 23A, Ilchester Street, 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 23A, Ilchester Street, Seaham, 55.2% of property is privately rented and 17.6% 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 23A, Ilchester Street, Seaham, 14.8% of residents are recorded as possessing school level qualifications and 20.5% 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 23A, Ilchester Street, 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 23A, Ilchester Street, Seaham, 0.4% 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 23A, Ilchester Street, Seaham, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.