SWINE BANK LODGE, VINCENT STREET, SEAHAM, SR7 7QL - £270,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

SWINE BANK LODGE is a midsized extended detached house of 112m², built sometime before 1900, which could now be worth an estimated £315,301. It was last sold for £270,000 in August 2021, which was around 34% above the average August 2021 detached price in the County Durham local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was B.

SWINE BANK LODGE Sold Prices

Land registry data shows three sales for SWINE BANK LODGE 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 SWINE BANK LODGE 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
2021 6 AUG	£270,000	£202,233	34% above HPI
2006 1 NOV	£180,000	£187,575	4% below HPI
2004 15 DEC	£185,000	£164,487	12% above HPI

SWINE BANK LODGE 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 SWINE BANK LODGE sales between December 2004 and August 2021 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 November 2006 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2021 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might SWINE BANK LODGE be worth now?

SWINE BANK LODGE might now be worth an estimated £315,301.

This is based on house price inflation of 16.8%, between August 2021 and February 2025, for detached houses, in the County Durham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.8% inflationary increase is applied to the most recent sale price for SWINE BANK LODGE of £270,000 on 6th August 2021. For the value to have increased from £270,000 to £315,301 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of SWINE BANK LODGE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The August 2021 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of SWINE BANK LODGE has not materially changed since August 2021.

How Large is SWINE BANK LODGE?

SWINE BANK LODGE is 112m², which includes one extension, according to the EPC inspection conducted in December 2020. This puts it in the largest 50% of detached houses houses in Seaham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Seaham, and where SWINE BANK LODGE lies on this distribution: 57% of detached houses houses are smaller than SWINE BANK LODGE, and 42% of houses are larger. Note that EPC data is not available for all properties in Seaham.

SWINE BANK LODGE: Plot and Title Map

SWINE BANK LODGE sits on a plot of roughly 0.136 of an acre, or 552m². The below map shows the location of SWINE BANK LODGE, 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 SWINE BANK LODGE). 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 SWINE BANK LODGE?

SWINE BANK LODGE is located on VINCENT STREET in SEAHAM, in the SR7 postcode district. The below map shows the position of SWINE BANK LODGE on VINCENT STREET.