According to the public record, Park House, Seaham is a modern freehold house and with 1,646 ft2 of internal area and sits on a 220 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Union Street, Seaham, SR7 is located within the SR7 postal district.
Park House, Seaham has 41 entries in the Land Registry database, most recently in April 2015 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 Park House Seaham as £136,605 and the rental value as £837 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of Park House Seaham has increased by £1,033 (0.8%) and its rental value has increased by £58 per month (6.9%).
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 Park House, Seaham is in very good condition we estimate a sale value of £143,435 and rental value of £879 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £127,043 and a rental value of £778 per month.
If you were able to purchase this property for the estimated value of £136,605, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £671 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, Park House, Seaham sits on a plot of 220m2.
We have plot size data on 13 out of 22 other houses in the postcode and Park House, Seaham sits on the largest plot.
According to HM Land Registry, Park House, Seaham was last sold on 24 Apr 2015 for £158,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Apr 2015, the market for similar properties has risen 27.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Park House, Seaham within a radius of 428m over the last 2 years.
The most recent example is 26, Princess Road, Seaham, SR7 7QX, a Freehold house which sold for £85,000 in Jul 2019.
Read more about house prices in SR7.
Union Street, Seaham, SR7 has a total of 22 addresses. According to our analysis of all the public data, Park House, Seaham is the largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £9k less expensive than the average property in SR7.
Park House, Seaham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Jul 2013.
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 Park House, Seaham is Seaham station which is 700 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 Park House, Seaham, 35.7% of property is privately owned with a mortgage and 29.8% 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 Park House, Seaham, 22.3% of residents are recorded as possessing school level qualifications and 18.7% 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 Park House, 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 Park House, 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 Park House, Seaham, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.