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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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8, Shields Place, Houghton Le Spring is recorded publicly as a period leasehold apartment across 796 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 8, Shields Place, Houghton Le Spring is £30,212 and its rental estimate is £240 per month, given the available information and assuming reasonable condition.
Shields Place, Houghton Le Spring, DH5 falls within the DH5 postal district, in the borough of Sunderland.
8, Shields Place, Houghton Le Spring has a single entry in the Land Registry from November 2007 and a single entry in the EPC database dated October 2022.
We combine this information with that 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.
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 8, Shields Place, Houghton Le Spring, we estimate a market value of £31,722 and a rental value of £252 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £28,097 and £223 per month respectively.
Over the last year, 8, Shields Place, Houghton Le Spring has seen its estimated sale value decrease by £84 (0.3%) and its estimated rental value grow by £6 per month (2.7%). This results in an estimated gross rental yield of 9.5%.
8, Shields Place, Houghton Le Spring has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Oct 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 8, Shields Place, Houghton Le Spring completed on 2nd November 2007 at £68,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 36.5% over the period since November 2007.
Over the past 2 years 3 properties have sold within 800 metres of 8, Shields Place, Houghton Le Spring, per the Land Registry and our network of Estate Agents.
The latest, on the 6th April 2023, was 4, Heath Grange, Houghton Le Spring, DH5 8BQ, a freehold house which sold for £57,000.
Read more about house prices in DH5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 9 addresses on Shields Place, Houghton Le Spring, DH5, 8, Shields Place, Houghton Le Spring comes out as the 2nd largest and the 2nd most expensive in our analysis of the public data.
It is also £102k less expensive than the average property across the DH5 district.
From 8, Shields Place, Houghton Le Spring, the nearest station is Chester-le-Street, 7.2 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 8, Shields Place, Houghton Le Spring, 34.2% of property is privately rented and 31.6% 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 8, Shields Place, Houghton Le Spring, 20.6% of residents are recorded as possessing school level qualifications and 33.2% 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 8, Shields Place, Houghton Le Spring, the average age was 43.6 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 8, Shields Place, Houghton Le Spring, 0.8% 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 8, Shields Place, Houghton Le Spring, 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.
