According to the public record, Flat 2, Bhondi Quarters, Seaham is a period Leasehold apartment and with 376 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in Bhondi Quarters, Castlereagh Road, Seaham, SR7.
Castlereagh Road, Seaham, SR7 is located within the SR7 postal district.
Flat 2, Bhondi Quarters, Seaham has a single entry in the Land Registry database from March 2022 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 Flat 2 Bhondi Quarters Seaham as £72,569 and the rental value as £483 per month giving an expected gross yield of 8%.
Over the last 12 months the sale value of Flat 2 Bhondi Quarters Seaham has increased by £1,234 (1.7%) and its rental value has increased by £39 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 Flat 2, Bhondi Quarters, Seaham is in very good condition we estimate a sale value of £76,197 and rental value of £508 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £67,489 and a rental value of £450 per month.
If you were able to purchase this property for the estimated value of £72,569, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £357 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, Flat 2, Bhondi Quarters, Seaham was last sold on 10 Mar 2022 for £310,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2022, the market for similar properties has risen 5.0%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 55m radius of Flat 2, Bhondi Quarters, Seaham over the last 2 years.
The most recent example is 6, Castlereagh Road, Seaham, SR7 7AT, a Freehold house which sold for £325,000 in Jul 2022.
Read more about house prices in SR7.
Castlereagh Road, Seaham, SR7 has a total of 8 addresses. According to our analysis of all the public data, Flat 2, Bhondi Quarters, Seaham is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £73k less expensive than the average property in SR7.
Flat 2, Bhondi Quarters, Seaham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Jun 2023.
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 Flat 2, Bhondi Quarters, Seaham is Seaham station which is 300 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 Flat 2, Bhondi Quarters, Seaham, 61.5% of property is socially rented and 14.7% 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 Flat 2, Bhondi Quarters, Seaham, 13.9% of residents are recorded as possessing school level qualifications and 13.5% 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 Flat 2, Bhondi Quarters, 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 Flat 2, Bhondi Quarters, 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 Flat 2, Bhondi Quarters, 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.