According to the public record, 38A, Woods Terrace, Seaham is a period leasehold apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 38, Woods Terrace, Murton, Seaham, SR7.
Woods Terrace, Murton, Seaham, SR7 is located within the SR7 postal district.
38A, Woods Terrace, Seaham has 2 entries in the Land Registry database, most recently in December 2007 and a single entry in the EPC database dated June 2017.
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 38A Woods Terrace Seaham as £67,663 and the rental value as £496 per month giving an expected gross yield of 8.8%.
Over the last 12 months the sale value of 38A Woods Terrace Seaham has increased by £1,144 (1.7%) and its rental value has increased by £39 per month (7.9%).
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 38A, Woods Terrace, Seaham is in very good condition we estimate a sale value of £71,046 and rental value of £520 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £62,927 and a rental value of £461 per month.
If you were able to purchase this property for the estimated value of £67,663, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £333 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, 38A, Woods Terrace, Seaham was last sold on 10 Dec 2007 for £65,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2007, the market for similar properties has dropped 3.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38A, Woods Terrace, Seaham within a radius of 580 metres over the last 2 years.
The most recent example is 43, Dreswick Court, Seaham, SR7 9NE, a Leasehold flat which sold for £76,500 in Dec 2023.
Read more about house prices in SR7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Woods Terrace, Murton, Seaham, SR7 has a total of 54 addresses. According to our analysis of all the public data, 38A, Woods Terrace, Seaham is the 28th largest and the 44th most expensive property on the street.
When compared to the postcode district it is £78k less expensive than the average property in SR7.
38A, Woods Terrace, Seaham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Jun 2017.
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 38A, Woods Terrace, Seaham is Seaham station which is 3.5 kilometres 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 38A, Woods Terrace, Seaham, 46.6% of property is privately rented and 33.1% 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 38A, Woods Terrace, Seaham, 18.9% of residents are recorded as possessing school level qualifications and 17.6% 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 38A, Woods Terrace, 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 38A, Woods Terrace, 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 38A, Woods Terrace, Seaham, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.