According to the public record, 123, Spout Lane, Washington is a period freehold house with 947 ft2 of internal area and sits on a 120 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Spout Lane, Washington, NE37 is located in the borough of Sunderland within the NE37 postal district.
123, Spout Lane, Washington has a single entry in the Land Registry database from January 2016 and a single entry in the EPC database dated February 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 123 Spout Lane Washington as £110,878 and the rental value as £761 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 123 Spout Lane Washington has increased by £3,318 (3.0%) and its rental value has increased by £85 per month (11.1%).
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 123, Spout Lane, Washington is in very good condition we estimate a sale value of £116,421 and rental value of £800 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £103,116 and a rental value of £708 per month.
If you were able to purchase this property for the estimated value of £110,878, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £545 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 data from HM Land Registry, 123, Spout Lane, Washington sits on a plot of 120m2.
We have plot size data on 8 out of 14 other houses in the postcode and 123, Spout Lane, Washington sits on the 9th largest plot.
According to HM Land Registry, 123, Spout Lane, Washington was last sold on 15 Jan 2016 for £64,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2016, the market for similar properties has risen 31.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 123, Spout Lane, Washington within a radius of 730 metres over the last 2 years.
The most recent example is 81, Hertburn Gardens, Washington, NE37 2DL, a Freehold house which sold for £94,000 in Jun 2023.
Read more about house prices in NE37.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spout Lane, Washington, NE37 has a total of 109 addresses. According to our analysis of all the public data, 123, Spout Lane, Washington is the 24th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £44k less expensive than the average property in NE37.
123, Spout Lane, Washington has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Feb 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 123, Spout Lane, Washington is Heworth station which is 5.4 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 123, Spout Lane, Washington, 55.1% of property is socially rented and 18.1% 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 123, Spout Lane, Washington, 17.2% of residents are recorded as possessing school level qualifications and 17.4% 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 123, Spout Lane, Washington, the average age was 39.4 and the most common age was 32.
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 123, Spout Lane, Washington, 0.7% 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 123, Spout Lane, Washington, there are an average of 0.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.