According to the public record, 18, Merrington Close, Sunderland is a mid-century leasehold apartment and with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Merrington Close, Sunderland, SR3 is located in the borough of Sunderland within the SR3 postal district.
18, Merrington Close, Sunderland has a single entry in the Land Registry database from June 2022 and no records in the EPC database.
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 18 Merrington Close Sunderland as £50,627 and the rental value as £407 per month giving an expected gross yield of 9.7%.
Over the last 12 months the sale value of 18 Merrington Close Sunderland has increased by £816 (1.6%) and its rental value has increased by £34 per month (8.4%).
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 18, Merrington Close, Sunderland is in very good condition we estimate a sale value of £53,158 and rental value of £428 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £47,083 and a rental value of £379 per month.
If you were able to purchase this property for the estimated value of £50,627, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £249 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, 18, Merrington Close, Sunderland was last sold on 27 Jun 2022 for £60,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2022, the market for similar properties has risen 1.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Merrington Close, Sunderland within a radius of 405m over the last 2 years.
The most recent example is 21, Merrington Close, Sunderland, SR3 2QE, a Leasehold flat which sold for £40,000 in Nov 2023.
Read more about house prices in SR3.
Merrington Close, Sunderland, SR3 has a total of 31 addresses. According to our analysis of all the public data, 18, Merrington Close, Sunderland is the 27th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £95k less expensive than the average property in SR3.
18, Merrington Close, Sunderland has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 04 Mar 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 18, Merrington Close, Sunderland is Sunderland station which is 5.2 km 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 18, Merrington Close, Sunderland, 43.6% of property is privately owned outright and 28.2% 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 18, Merrington Close, Sunderland, 11.8% of residents are recorded as possessing school level qualifications and 35.7% 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 18, Merrington Close, Sunderland, the average age was 47.9 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 18, Merrington Close, Sunderland, 0.0% 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 18, Merrington Close, Sunderland, 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.