Flat 2, 1
Flat 2, 1
Description & Estimates
According to the public record, Flat 2, 1, Park Place East, Sunderland is a mid-century apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, 1, Park Place East, Sunderland is £65,594 and the estimated rental value is £601 per month.
The apartment is within 1, Park Place East, Sunderland, SR2.
Park Place East, Sunderland, SR2 is located in the borough of Sunderland within the SR2 postal district.
Our Data Sources
Flat 2, 1, Park Place East, Sunderland has no records in the the Land Registry and a single entry in the EPC database dated October 2019.
We combine this information with public data 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.
Price Range & Condition
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 Flat 2, 1, Park Place East, Sunderland is in very good condition we estimate a sale value of £68,874 and a rental value of £631 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £61,002 and a rental value of £559 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 2, 1, Park Place East, Sunderland has declined by £812 (1.2%), while its estimated rental value has climbed by £10 per month (1.7%). Based on current estimates, the property offers a gross rental yield of 11.0%.
Energy Efficiency
Flat 2, 1, Park Place East, Sunderland has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Oct 2019.
The property is not connected to mains gas and has partial double glazing. It is heated using Room heaters, electric.
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 1, Park Place East, Sunderland within a radius of 480 metres over the last 2 years.
The most recent example is 16A , Argyle Square, Sunderland, SR2 7BS, a leasehold flat which sold for £64,999 on the 25th October 2023.
Read more about house prices in SR2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Park Place East, Sunderland, SR2 has a total of 57 addresses. According to our analysis of all the public data, Flat 2, 1, Park Place East, Sunderland is the 48th largest and the 47th most expensive property on the street.
When compared to the postcode district it is £122k less expensive than the average property in SR2.
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Schools Nearby
- 500mHudson Road Primary School
- 700mValley Road Academy
- 1.3kmSt Mary's Catholic Primary School, Sunderland
- 900mSt Anthony's Girls' Catholic Academy
- 900mThornhill Academy
- 1.0kmSt Aidan's Catholic Academy
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Public Transport Nearby
The closest station to Flat 2, 1, Park Place East, Sunderland is Sunderland station, which is 700 metres away.
- 700mSunderland
- 7.4kmSeaham
- 12.8kmHeworth
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
