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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
2, Park Place East, Sunderland is recorded publicly as a period freehold house across 2,346 ft2 of internal area, sitting on a 365 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 2, Park Place East, Sunderland is £262,807 and its rental estimate is £1,377 per month, given the available information and assuming reasonable condition.
Park Place East, Sunderland, SR2 falls within the SR2 postal district, in the borough of Sunderland.
2, Park Place East, Sunderland has a single entry in the Land Registry from July 2021 and a single entry in the EPC database dated February 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 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, Park Place East, Sunderland, we estimate a market value of £275,947 and a rental value of £1,446 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £244,410 and £1,280 per month respectively.
Over the last year, 2, Park Place East, Sunderland has seen its estimated sale value fall by £4,136 (1.6%) and its estimated rental value move up by £20 per month (1.5%). This results in an estimated gross rental yield of 6.3%.
HM Land Registry records the plot of land for 2, Park Place East, Sunderland as measuring 365 m2.
That makes it the 19th largest plot in the postcode, where all 17 other houses have recorded plot data.
2, Park Place East, Sunderland has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 09 Feb 2013.
The property is not connected to mains gas and has partial double glazing. It is heated using Boiler and radiators, mains gas.
The most recent sale of 2, Park Place East, Sunderland completed on 30th July 2021 at £270,000 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 risen by 29.7% over the period since July 2021.
Over the past 2 years 3 properties similar to 2, Park Place East, Sunderland have sold within a radius of 470 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 29th March 2023, was 32, Mowbray Road, Sunderland, SR2 8EW, a freehold house which sold for £71,100.
Read more about house prices in SR2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 57 addresses on Park Place East, Sunderland, SR2, 2, Park Place East, Sunderland comes out as the 15th largest and the 15th most expensive in our analysis of the public data.
It is also £76k more expensive than the average property across the SR2 district.
From 2, Park Place East, Sunderland, the nearest station is Sunderland, 700 metres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Park Place East, Sunderland, 35.3% of property is privately rented and 25.0% 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, Park Place East, Sunderland, 24.1% of residents are recorded as possessing school level qualifications and 42.1% 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, Park Place East, Sunderland, the average age was 36.7 and the most common age was 22.
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, Park Place East, Sunderland, 1.1% 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, Park Place East, Sunderland, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.
