15, CHESTNUT WAY, SEAHAM, SR7 7RN - £195,000

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.

15 CHESTNUT WAY is a very small extended detached house of 82m², built sometime between 2003 and 2006, which could now be worth an estimated £205,935. It was last sold for £195,000 in October 2024, which was around 13% below the average October 2024 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 three sales for 15 CHESTNUT WAY 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. All of the three 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
2024 23 OCT	£195,000	£223,624	13% below HPI
2011 25 MAY	£120,000	£170,469	30% below HPI
2004 6 AUG	£86,950	£155,908	44% 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 three 15 CHESTNUT WAY sales between August 2004 and October 2024 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 May 2011 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2024 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 15 CHESTNUT WAY be worth now?

15 CHESTNUT WAY might now be worth an estimated £205,935.

This is based on house price inflation of 5.6%, between October 2024 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 5.6% inflationary increase is applied to the most recent sale price for 15 CHESTNUT WAY of £195,000 on 23rd October 2024. For the value to have increased from £195,000 to £205,935 over the one year and eight months to February 2025, the following assumptions must hold true:

• The value of 15 CHESTNUT WAY has moved in line with the HPI for detached houses in the County Durham local authority area.
• The October 2024 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 15 CHESTNUT WAY has not materially changed since October 2024.

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 houses in Seaham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Seaham, and where 15 CHESTNUT WAY lies on this distribution: 16% of detached houses 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.