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1 Melrose Crescent is a residential building situated on Melrose Crescent, Seaham, SR7 with 3 addresses.
It ranks as the 177th largest and 217th most expensive of the 224 buildings in the SR7 area. The dominant property type is a mid-century house built between 1936 and 1979.
The building contains a total of 3 properties: 3 flats.
1 Melrose Crescent is a residential building situated on Melrose Crescent, Seaham, SR7 with 3 addresses.
It ranks as the 177th largest and 217th most expensive of the 224 buildings in the SR7 area. The dominant property type is a mid-century house built between 1936 and 1979.
The building contains a total of 3 properties: 3 flats.
Sale prices range from £64,440 for 2 bedroom leasehold flats (516 ft2) to £204,191 for 5 bedroom freehold houses with a garden (2,012 ft2) .
Monthly rental prices range from £485 pcm for 2 bed flats to £1,106 pcm for 5 bed houses.
The gross rental yield is between 6.3% and 9.0%.
The average value per square foot is £107.
The last sale in 1 Melrose Crescent sold for £90,000 on 13th November 2018. Since then prices are up an average of 20.0%.
The current average value in the building is £152,734.
The 1 Melrose Crescent Sales Market has increased by 23.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.6% | £152,734 |
| May 2025 | 2.2% | £153,677 |
| May 2024 | 1.8% | £150,305 |
| May 2023 | 2.4% | £147,617 |
| May 2022 | 7.4% | £144,100 |
| May 2021 | 3.9% | £134,190 |
| May 2020 | 0.5% | £129,103 |
| May 2019 | 0.6% | £128,423 |
| May 2018 | 2.9% | £127,637 |
| May 2017 | 0.4% | £124,075 |
| May 2016 | -0.7% | £123,543 |
| May 2015 | 1.3% | £124,378 |
| May 2014 | 1.7% | £122,836 |
| May 2013 | -1.8% | £120,750 |
| May 2012 | -2.4% | £122,979 |
| May 2011 | -4% | £126,054 |
| May 2010 | 4.8% | £131,264 |
| May 2009 | -10.6% | £125,228 |
| May 2008 | -0.6% | £140,093 |
| May 2007 | 0% | £140,979 |
The current average rental value in the building is £863.
The 1 Melrose Crescent Rental Market has increased by 38.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2% | £863pcm |
| May 2025 | 2.1% | £846pcm |
| May 2024 | 8.4% | £829pcm |
| May 2023 | 8.5% | £765pcm |
| May 2022 | 5.9% | £705pcm |
| May 2021 | 5.4% | £666pcm |
| May 2020 | 1.2% | £632pcm |
| May 2019 | 0.3% | £624pcm |
| May 2018 | 0.6% | £622pcm |
| May 2017 | -0.8% | £618pcm |
| May 2016 | 2% | £623pcm |
| May 2015 | 0.1% | £611pcm |
| May 2014 | 0% | £610pcm |
| May 2013 | -3.2% | £610pcm |
| May 2012 | -0.1% | £630pcm |
| May 2011 | 0.5% | £631pcm |
| May 2010 | 4.9% | £628pcm |
| May 2009 | -0.8% | £598pcm |
| May 2008 | 1.8% | £603pcm |
| May 2007 | 0% | £593pcm |
The last sale was on 13th November 2018 for £90,000 and since then the market in the area has increased by 20.0%. The building has had a total of 3 sales since 1995.
1, Melrose Crescent, Seaham, SR7 0LD has seen no sales in the last three years and no sales in the last twelve months.
The closest station to 1, Melrose Crescent, Seaham, SR7 0LD is Seaham station which is 1.8 kilometres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Melrose Crescent, Seaham, SR7 0LD, 35.3% of property is privately owned with a mortgage and 25.0% is privately rented.
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Melrose Crescent, Seaham, SR7 0LD, 19.7% of residents are recorded as possessing school level qualifications and 17.9% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Melrose Crescent, Seaham, SR7 0LD, the average age was 43.9 and the most common age was 57.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Melrose Crescent, Seaham, SR7 0LD, 0.0% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Melrose Crescent, Seaham, SR7 0LD, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.