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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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According to the public record, 2, Riga Square, Sunderland is a mid-century house with 559 ft2 of internal area.
Houses of this size in this area normally have 2 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Riga Square, Sunderland is £93,392 and the estimated rental value is £661 per month.
Riga Square, Sunderland, SR5 is located in the borough of Sunderland within the SR5 postal district.
2, Riga Square, Sunderland has no records in the the Land Registry and a single entry in the EPC database dated June 2022.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Riga Square, Sunderland is in very good condition we estimate a sale value of £98,061 and a rental value of £694 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £86,854 and a rental value of £615 per month.
Over the last 12 months the sale value of 2 Riga Square Sunderland has increased by an estimated £1,123 (1.2%) and its rental value has increased by an estimated £28 per month (4.2%), giving an expected gross yield of 8.5%.
2, Riga Square, Sunderland has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Jun 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Riga Square, Sunderland within a radius of 540 metres over the last 2 years.
The most recent example is 53, Rotherfield Road, Sunderland, SR5 5DH, a freehold house which sold for £87,000 on the 15th August 2023.
Read more about house prices in SR5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Riga Square, Sunderland, SR5 has a total of 2 addresses. According to our analysis of all the public data, 2, Riga Square, Sunderland is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £52k less expensive than the average property in SR5.
The closest station to 2, Riga Square, Sunderland is Sunderland station which is 4.0 kilometres away.
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 2, Riga Square, Sunderland, 29.1% of property is privately owned with a mortgage and 28.4% is socially 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 2, Riga Square, Sunderland, 16.1% of residents are recorded as possessing school level qualifications and 13.4% 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, Riga Square, Sunderland, the average age was 40.7 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 2, Riga Square, Sunderland, 0.6% 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, Riga Square, 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.
