Flat 3, 1
Flat 3, 1
Description & Estimates
Flat 3, 1, Park Place East, Sunderland is described in the public record as a mid-century apartment with 548 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 3, 1, Park Place East, Sunderland is £64,033 and its rental estimate is £598 per month, given the available information and assuming reasonable condition.
1, Park Place East is a residential building on Park Place East, Sunderland, SR2 and falls within the SR2 postal district and the borough of Sunderland.
Our Data Sources
Flat 3, 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
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 Flat 3, 1, Park Place East, Sunderland, we estimate a market value of £67,235 and a rental value of £628 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £59,551 and £556 per month respectively.
Recent Market Change
Over the last year, Flat 3, 1, Park Place East, Sunderland has seen its estimated sale value decrease by £793 (1.2%) and its estimated rental value grow by £10 per month (1.7%). This results in an estimated gross rental yield of 11.2%.
Energy Efficiency
Flat 3, 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 single glazed windows. It is heated using Room heaters, electric.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 3, 1, Park Place East, Sunderland have sold within a radius of 480 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th October 2023, was 16B , Argyle Square, Sunderland, SR2 7BS, a leasehold flat which sold for £53,000.
Read more about house prices in SR2.
- Sold Oct 2023£53,000 | 2 Bed Flat16B , Argyle Square, Sunderland, SR2 7BS16B , Argyle Square, Sunderland, SR2 7BS
- Sold Feb 2022£65,000 | 2 Bed Flat29, Park Place East, Sunderland, SR2 8EE29, Park Place East, Sunderland, SR2 8EE
- Sold Feb 2020£58,333 | 2 Bed Flat28, Kensington House 12-14, Gray Road, Sunderland, SR2 8HW28, Kensington House 12-14, Gray Road, Sunderland, SR2 8HW
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 57 addresses on Park Place East, Sunderland, SR2, Flat 3, 1, Park Place East, Sunderland comes out as the 51st largest and the 51st most expensive in our analysis of the public data.
It is also £123k less expensive than the average property across the SR2 district.
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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
From Flat 3, 1, Park Place East, Sunderland, the nearest station is Sunderland, 700 metres away.
- 700mSunderland
- 7.4kmSeaham
- 12.8kmHeworth
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
