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

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.

40 CHESTNUT WAY is a small detached house of 90m², built sometime between 2003 and 2006, which could now be worth an estimated £237,234. It was last sold for £175,000 in November 2019, which was about 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. The four 40 CHESTNUT WAY sales were a mix of roughly equal to the average price, and 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	£174,211	Close to HPI
2014 4 DEC	£134,995	£158,163	15% below HPI
2014 19 SEP	£136,000	£162,613	16% below HPI
2006 23 FEB	£159,450	£181,297	12% 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 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2019 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 40 CHESTNUT WAY be worth now?

40 CHESTNUT WAY might now be worth an estimated £237,234.

This is based on house price inflation of 35.6%, between November 2019 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 35.6% inflationary increase is applied to the most recent sale price for 40 CHESTNUT WAY of £175,000 on 29th November 2019. For the value to have increased from £175,000 to £237,234 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 40 CHESTNUT WAY has moved in line with the HPI for detached houses in the County Durham local authority area.
• The November 2019 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 40 CHESTNUT WAY has not materially changed since November 2019.

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 houses in Seaham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Seaham, and where 40 CHESTNUT WAY lies on this distribution: 27% of detached houses 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.