41, REDWOOD, SEAHAM, SR7 7RS - £212,000

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

41 REDWOOD is a midsized extended detached house of 101m², built sometime between 2003 and 2006. It was last sold for £212,000 in January 2022, which was around 8% above the average January 2022 detached price in the County Durham local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

41 REDWOOD Sold Prices

Land registry data shows three sales for 41 REDWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Two of the three 41 REDWOOD sales were for above the average price, whilst one was 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
2022 24 JAN	£212,000	£195,618	8% above HPI
2018 15 OCT	£177,000	£172,861	2% above HPI
2006 10 NOV	£147,950	£182,475	19% below HPI

41 REDWOOD 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 three 41 REDWOOD sales between November 2006 and January 2022 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 October 2018 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the January 2022 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 41 REDWOOD?

41 REDWOOD is 101m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the smallest 50% of detached houses in Seaham, based on EPC data. The below chart shows the distribution of detached houses by size in Seaham, and where 41 REDWOOD lies on this distribution: 43% of detached houses are smaller than 41 REDWOOD, and 55% of houses are larger. Note that EPC data is not available for all properties in Seaham.

41 REDWOOD: Plot and Title Map

41 REDWOOD sits on a plot of roughly 0.072 of an acre, or 289m². The below map shows the location of 41 REDWOOD, 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 41 REDWOOD). 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 41 REDWOOD?

41 REDWOOD is located in SEAHAM, in the SR7 postcode district. The below map shows the position of No. 41 on REDWOOD.