2, Tesla Street
2, Tesla Street
Description & Estimates
2, Tesla Street, Houghton Le Spring is recorded publicly as a period freehold house across 1,108 ft2 of internal area, sitting on a 98.2 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 2, Tesla Street, Houghton Le Spring is £65,075 and its rental estimate is £417 per month, given the available information and assuming reasonable condition.
Tesla Street, Houghton Le Spring, DH4 falls within the DH4 postal district, in the borough of Sunderland.
Our Data Sources
2, Tesla Street, Houghton Le Spring has a single entry in the Land Registry from February 2019 and a single entry in the EPC database dated May 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
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, Tesla Street, Houghton Le Spring, we estimate a market value of £68,329 and a rental value of £438 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £60,520 and £388 per month respectively.
Recent Market Change
Over the last year, 2, Tesla Street, Houghton Le Spring has seen its estimated sale value decline by £109 (0.2%) and its estimated rental value climb by £9 per month (2.2%). This results in an estimated gross rental yield of 7.7%.
Plot Size
HM Land Registry records the plot of land for 2, Tesla Street, Houghton Le Spring as measuring 98 m2.
That makes it the 4th largest plot in the postcode, where all 5 other houses have recorded plot data.
Energy Efficiency
2, Tesla Street, Houghton Le Spring has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 29 May 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 2, Tesla Street, Houghton Le Spring completed on 22nd February 2019 at £42,500 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 23.8% over the period since February 2019.
- Sold Feb 2019£42,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, Tesla Street, Houghton Le Spring have sold within a radius of 820 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 24th November 2023, was 5, Tesla Street, Houghton Le Spring, DH4 4TE, a freehold house which sold for £72,500.
Read more about house prices in DH4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 5 addresses on Tesla Street, Houghton Le Spring, DH4, 2, Tesla Street, Houghton Le Spring comes out as the largest and the most expensive in our analysis of the public data.
It is also £96k less expensive than the average property across the DH4 district.
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Schools Nearby
- 900mNewbottle Primary Academy
- 1.0kmShiney Row Primary School
- 1.5kmBarnwell Academy
- 2.4kmKepier
- 3.6kmFarringdon Community Academy
- 4.0kmSt Robert of Newminster Catholic School and Sixth Form College, Washington
More reading links
Public Transport Nearby
From 2, Tesla Street, Houghton Le Spring, the nearest station is Chester-le-Street, 6.3 kilometres away.
- 6.3kmChester-le-Street
- 7.9kmSunderland
- 9.3kmSeaham
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
