8, LEECHMERE CRESCENT, SEAHAM, SR7 0JJ - £120,000

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.

8 LEECHMERE CRESCENT is a very small extended semi-detached house of 65m², built sometime between 1930 and 1949, which could now be worth an estimated £171,534. It was last sold for £120,000 in May 2020, which was around 24% above the average May 2020 semi-detached price in the County Durham local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was B.

8 LEECHMERE CRESCENT Sold Prices

Land registry data shows four sales for 8 LEECHMERE CRESCENT since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the County Durham local authority area for the corresponding sale date. All of the four 8 LEECHMERE CRESCENT 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
2020 22 MAY	£120,000	£96,531	24% above HPI
2006 27 OCT	£115,000	£109,994	5% above HPI
2003 12 DEC	£79,950	£71,259	12% above HPI
2002 10 OCT	£59,950	£53,620	12% above HPI

8 LEECHMERE CRESCENT 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 8 LEECHMERE CRESCENT sales between October 2002 and May 2020 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 2006 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the May 2020 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 8 LEECHMERE CRESCENT be worth now?

8 LEECHMERE CRESCENT might now be worth an estimated £171,534.

This is based on house price inflation of 42.9%, between May 2020 and May 2026, for semi-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 42.9% inflationary increase is applied to the most recent sale price for 8 LEECHMERE CRESCENT of £120,000 on 22nd May 2020. For the value to have increased from £120,000 to £171,534 over the six years to May 2026, the following assumptions must hold true:

• The value of 8 LEECHMERE CRESCENT has moved in line with the HPI for semi-detached houses in the County Durham local authority area.
• The May 2020 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 8 LEECHMERE CRESCENT has not materially changed since May 2020.

How Large is 8 LEECHMERE CRESCENT?

8 LEECHMERE CRESCENT is 65m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 20% of semi-detached houses in Seaham, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Seaham, and where 8 LEECHMERE CRESCENT lies on this distribution: 17% of semi-detached houses are smaller than 8 LEECHMERE CRESCENT, and 82% of semi-detached houses are larger. Note that EPC data is not available for all properties in Seaham.

Where is 8 LEECHMERE CRESCENT?

8 LEECHMERE CRESCENT is located in SEAHAM, in the SR7 postcode district.