15, REDWOOD, SEAHAM, SR7 7RS - £164,950

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 REDWOOD is a very small extended terraced house of 79m², built sometime between 2003 and 2006, which could now be worth an estimated £172,718. It was last sold for £164,950 in September 2022, which was around 56% above the average September 2022 terraced price in the County Durham local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

15 REDWOOD Sold Prices

Land registry data shows three sales for 15 REDWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the County Durham local authority area for the corresponding sale date. All of the three 15 REDWOOD sales were for above 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 12 SEP	£164,950	£105,637	56% above HPI
2021 8 JAN	£141,200	£88,827	59% above HPI
2005 10 MAR	£119,950	£76,833	56% above HPI

15 REDWOOD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the County Durham local authority area over time, sourced from the HPI. The three 15 REDWOOD sales between March 2005 and September 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 January 2021 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the September 2022 sale, where it falls to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might 15 REDWOOD be worth now?

15 REDWOOD might now be worth an estimated £172,718.

This is based on house price inflation of 4.7%, between September 2022 and June 2025, for terraced 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 4.7% inflationary increase is applied to the most recent sale price for 15 REDWOOD of £164,950 on 12th September 2022. For the value to have increased from £164,950 to £172,718 over the three years and three months to June 2025, the following assumptions must hold true:

• The value of 15 REDWOOD has moved in line with the HPI for terraced houses in the County Durham local authority area.
• The September 2022 sale price of £164,950 represented a fair market value for the property.
• The size, condition, and specification of 15 REDWOOD has not materially changed since September 2022.

How Large is 15 REDWOOD?

15 REDWOOD is 79m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 20% of terraced houses houses in Seaham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Seaham, and where 15 REDWOOD lies on this distribution: 11% of terraced houses houses are smaller than 15 REDWOOD, and 88% of houses are larger. Note that EPC data is not available for all properties in Seaham.

15 REDWOOD: Plot and Title Map

15 REDWOOD sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of 15 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 15 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 15 REDWOOD?

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