40, CHESTNUT WAY, SEAHAM, SR7 7RN - £175,000

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

40 CHESTNUT WAY is a small detached house of 90m², built sometime between 2003 and 2006. It was last sold for £175,000 in November 2019, which was around 3% above the average November 2019 detached price in the County Durham local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

40 CHESTNUT WAY Sold Prices

Land registry data shows four sales for 40 CHESTNUT WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Most of the four 40 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
2019 29 NOV	£175,000	£169,475	3% above HPI
2014 4 DEC	£134,995	£153,863	12% below HPI
2014 19 SEP	£136,000	£158,192	14% below HPI
2006 23 FEB	£159,450	£176,368	10% below HPI

40 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 four 40 CHESTNUT WAY sales between February 2006 and November 2019 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 December 2014 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2019 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 40 CHESTNUT WAY?

40 CHESTNUT WAY is 90m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 30% of detached houses in Seaham, based on EPC data. The below chart shows the distribution of detached houses by size in Seaham, and where 40 CHESTNUT WAY lies on this distribution: 27% of detached houses are smaller than 40 CHESTNUT WAY, and 72% of houses are larger. Note that EPC data is not available for all properties in Seaham.

40 CHESTNUT WAY: Plot and Title Map

40 CHESTNUT WAY sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 40 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 40 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 40 CHESTNUT WAY?

40 CHESTNUT WAY is located in SEAHAM, in the SR7 postcode district. The below map shows the position of No. 40 on CHESTNUT WAY.