40, Ocean Park Road
40, Ocean Park Road
Description & Estimates
40, 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 40, Ocean Park Road, Sunderland is £335,420 and its rental estimate is £1,350 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.
Our Data Sources
40, Ocean Park Road, Sunderland has a single entry in the Land Registry from March 2022 and a single entry in the EPC database dated March 2022.
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.
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 40, Ocean Park Road, Sunderland, we estimate a market value of £352,191 and a rental value of £1,417 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £311,941 and £1,255 per month respectively.
Recent Market Change
Over the last year, 40, Ocean Park Road, Sunderland has seen its estimated sale value increase by £1,562 (0.5%) and its estimated rental value grow by £44 per month (3.2%). This results in an estimated gross rental yield of 4.8%.
Energy Efficiency
40, Ocean Park Road, Sunderland has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 21 Mar 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 40, Ocean Park Road, Sunderland completed on 31st March 2022 at £309,995 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 46.7% over the period since March 2022.
- Sold Mar 2022£309,995
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 40, Ocean Park Road, Sunderland have sold within a radius of 860 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 29th July 2022, was 42, Ocean Park Road, Sunderland, SR6 8BP, a freehold house which sold for £304,995.
Read more about house prices in SR6.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 82 addresses on Ocean Park Road, Sunderland, SR6, 40, Ocean Park Road, Sunderland comes out as the 46th largest and the 42nd most expensive in our analysis of the public data.
It is also £148k more expensive than the average property across the SR6 district.
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Schools Nearby
- 600mFulwell Junior School
- 600mFulwell Infant School Academy
- 800mSeaburn Dene Primary School
- 900mMonkwearmouth Academy
- 1.9kmWhitburn Church of England Academy
- 3.2kmRed House Academy
More reading links
Public Transport Nearby
From 40, Ocean Park Road, Sunderland, the nearest station is Sunderland, 3.5 kilometres away.
- 3.5kmSunderland
- 11.3kmSeaham
- 11.8kmHeworth
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
