According to the public record, 1, Cairns Road, Sunderland is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a early-century apartment with 975 ft2 of internal area and a garden.
Apartments of this size in this area normally have 3 bedrooms.
Cairns Road, Sunderland, SR5 is located in the borough of Sunderland within the SR5 postal district.
1, Cairns Road, Sunderland has a single entry in the Land Registry database from December 2009 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Cairns Road Sunderland as £173,124 and the rental value as £912 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 1 Cairns Road Sunderland has increased by £3,182 (1.8%) and its rental value has increased by £93 per month (10.2%).
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 1, Cairns Road, Sunderland is in very good condition we estimate a sale value of £181,781 and rental value of £958 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £161,006 and a rental value of £848 per month.
If you were able to purchase this property for the estimated value of £173,124, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £851 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1, Cairns Road, Sunderland was last sold on 02 Dec 2009 for £165,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2009, the market for similar properties has risen 9.4%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 1, Cairns Road, Sunderland within a radius of 500 metres over the last 2 years.
The most recent example is 4, Orchard Court, Sunderland, SR6 8NR, a Leasehold flat which sold for £152,500 in Jan 2015.
Read more about house prices in SR5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cairns Road, Sunderland, SR5 has a total of 60 addresses. According to our analysis of all the public data, 1, Cairns Road, Sunderland is the 52nd largest and the 60th most expensive property on the street.
When compared to the postcode district it is £44k more expensive than the average property in SR5.
The closest station to 1, Cairns Road, Sunderland is Sunderland station which is 2.7 kilometres away.
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 1, Cairns Road, Sunderland, 52.5% of property is privately owned outright and 41.5% is privately owned with a mortgage.
The graph below shows how this compares to Greater London 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 1, Cairns Road, Sunderland, 14.3% of residents are recorded as possessing school level qualifications and 28.6% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Cairns Road, Sunderland, the average age was 45.9 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 1, Cairns Road, Sunderland, 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 1, Cairns Road, Sunderland, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.