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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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3, Ocean Park Road, Sunderland is recorded publicly as a modern freehold house across 990 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 3, Ocean Park Road, Sunderland is £330,630 and its rental estimate is £1,331 per month, given the available information and assuming reasonable condition.
Ocean Park Road, Sunderland, SR6 falls within the SR6 postal district, in the borough of Sunderland.
3, Ocean Park Road, Sunderland has 2 entries in the Land Registry , most recently in April 2023 and a single entry in the EPC database dated August 2021.
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 3, Ocean Park Road, Sunderland, we estimate a market value of £347,162 and a rental value of £1,397 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £307,486 and £1,238 per month respectively.
Over the last year, 3, Ocean Park Road, Sunderland has seen its estimated sale value rise by £1,540 (0.5%) and its estimated rental value move up by £43 per month (3.2%). This results in an estimated gross rental yield of 4.8%.
3, Ocean Park Road, Sunderland has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Aug 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and underfloor heating, mains gas.
The most recent sale of 3, Ocean Park Road, Sunderland completed on 12th April 2023 at £325,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 48.0% over the period since April 2023.
Over the past 2 years 3 properties similar to 3, Ocean Park Road, Sunderland have sold within a radius of 790 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 23rd November 2023, was 11, Ocean Park Road, Sunderland, SR6 8BP, a freehold house which sold for £320,000.
Read more about house prices in SR6.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 82 addresses on Ocean Park Road, Sunderland, SR6, 3, Ocean Park Road, Sunderland comes out as the 51st largest and the 51st most expensive in our analysis of the public data.
It is also £143k more expensive than the average property across the SR6 district.
From 3, Ocean Park Road, Sunderland, the nearest station is Sunderland, 3.5 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 3, Ocean Park Road, Sunderland, 71.0% of property is privately owned outright and 21.8% is privately owned with a mortgage.
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 3, Ocean Park Road, Sunderland, 12.8% of residents are recorded as possessing school level qualifications and 39.9% 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 3, Ocean Park Road, Sunderland, the average age was 48.5 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 3, Ocean Park Road, Sunderland, 1.9% 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 3, Ocean Park Road, Sunderland, 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.
