15, CHESTNUT WAY, SEAHAM, SR7 7RN - £120,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

15 CHESTNUT WAY is a very small extended detached house of 82m², built sometime between 2003 and 2006. It was last sold for £120,000 in May 2011, which was around 28% below the average May 2011 detached price in the County Durham local authority area. The most recent EPC inspection was May 2024, where the current energy rating was C, and the potential energy rating was B.

15 CHESTNUT WAY Sold Prices

Land registry data shows two sales for 15 CHESTNUT WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Both of the two 15 CHESTNUT WAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2011 25 MAY	£120,000	£165,834	28% below HPI
2004 6 AUG	£86,950	£151,670	43% below HPI

15 CHESTNUT WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The two 15 CHESTNUT WAY sales from August 2004 and May 2011 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2004 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the May 2011 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 15 CHESTNUT WAY?

15 CHESTNUT WAY is 82m², which includes one extension, according to the EPC inspection conducted in May 2024. This puts it in the smallest 20% of detached houses in Seaham, based on EPC data. The below chart shows the distribution of detached houses by size in Seaham, and where 15 CHESTNUT WAY lies on this distribution: 16% of detached houses are smaller than 15 CHESTNUT WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Seaham.

15 CHESTNUT WAY: Plot and Title Map

15 CHESTNUT WAY sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 15 CHESTNUT WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 15 CHESTNUT WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 15 CHESTNUT WAY?

15 CHESTNUT WAY is located in SEAHAM, in the SR7 postcode district. The below map shows the position of No. 15 on CHESTNUT WAY.