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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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2, Dragonfly Way, Houghton Le Spring is recorded publicly as a modern freehold house across 957 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 2, Dragonfly Way, Houghton Le Spring is £243,122 and its rental estimate is £1,187 per month, given the available information and assuming reasonable condition.
Dragonfly Way, Houghton Le Spring, DH4 falls within the DH4 postal district, in the borough of Sunderland.
2, Dragonfly Way, Houghton Le Spring has a single entry in the Land Registry from May 2024 and a single entry in the EPC database dated February 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, Dragonfly Way, Houghton Le Spring, we estimate a market value of £255,278 and a rental value of £1,246 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £226,103 and £1,104 per month respectively.
Over the last year, 2, Dragonfly Way, Houghton Le Spring has seen its estimated sale value increase by £646 (0.3%) and its estimated rental value grow by £35 per month (3.0%). This results in an estimated gross rental yield of 5.9%.
2, Dragonfly Way, Houghton Le Spring has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Feb 2024.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
The most recent sale of 2, Dragonfly Way, Houghton Le Spring completed on 31st May 2024 at £217,995 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 28.8% over the period since May 2024.
Over the past 2 years 3 properties similar to 2, Dragonfly Way, Houghton Le Spring have sold within a radius of 640 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 27th June 2024, was 4, Dragonfly Way, Houghton Le Spring, DH4 7BN, a freehold house which sold for £219,995.
Read more about house prices in DH4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 54 addresses on Dragonfly Way, Houghton Le Spring, DH4, 2, Dragonfly Way, Houghton Le Spring comes out as the 44th largest and the 47th most expensive in our analysis of the public data.
It is also £82k more expensive than the average property across the DH4 district.
From 2, Dragonfly Way, Houghton Le Spring, the nearest station is Chester-le-Street, 6.2 kilometres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Dragonfly Way, Houghton Le Spring, 56.3% of property is privately owned with a mortgage and 33.9% is privately owned outright.
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 2, Dragonfly Way, Houghton Le Spring, 18.7% of residents are recorded as possessing school level qualifications and 35.9% 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 2, Dragonfly Way, Houghton Le Spring, the average age was 40.7 and the most common age was 52.
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 2, Dragonfly Way, Houghton Le Spring, 1.6% 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 2, Dragonfly Way, Houghton Le Spring, there are an average of 1.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.
