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Company No. 11113204
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According to the public record, 8, The Spinney, Washington is a mid-century leasehold house with 818 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 8, The Spinney, Washington is £198,908 and the estimated rental value is £999 per month.
The Spinney, Washington, NE38 is located in the borough of Sunderland within the NE38 postal district.
8, The Spinney, Washington has a single entry in the Land Registry from November 2022 and a single entry in the EPC database dated June 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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 8, The Spinney, Washington is in very good condition we estimate a sale value of £208,854 and a rental value of £1,049 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £184,985 and a rental value of £929 per month.
Over the last 12 months the sale value of 8 The Spinney Washington has increased by an estimated £4,218 (2.1%) and its rental value has increased by an estimated £41 per month (4.1%), giving an expected gross yield of 6%.
8, The Spinney, Washington has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 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 HM Land Registry, 8, The Spinney, Washington was last sold on 17th November 2022 for £155,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since November 2022, the market for similar properties has risen 11.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, The Spinney, Washington within a radius of 840 metres over the last 2 years.
The most recent example is 14, The Spinney, Washington, NE38 8RY, a freehold house which sold for £180,000 on the 30th November 2022.
Read more about house prices in NE38.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Spinney, Washington, NE38 has a total of 37 addresses. According to our analysis of all the public data, 8, The Spinney, Washington is the 18th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £53k more expensive than the average property in NE38.
The closest station to 8, The Spinney, Washington is Chester-le-Street station which is 5.2 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
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 8, The Spinney, Washington, 60.7% of property is privately owned outright and 28.7% 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, The Spinney, Washington, 16.5% of residents are recorded as possessing school level qualifications and 38.3% 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, The Spinney, Washington, the average age was 45.9 and the most common age was 62.
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, The Spinney, Washington, 0.4% 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, The Spinney, Washington, there are an average of 1.3 cars per household.
See below for how this compares to North East and the rest of England & Wales.
