According to the public record, 5, The Oval, Washington is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,009 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
The Oval, Washington, NE37 is located in the borough of Sunderland within the NE37 postal district.
5, The Oval, Washington has 2 entries in the Land Registry database, most recently in February 2023 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 5 The Oval Washington as £81,250 and the rental value as £546 per month giving an expected gross yield of 8.1%.
Over the last 12 months the sale value of 5 The Oval Washington has increased by £2,465 (3.0%) and its rental value has increased by £61 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 5, The Oval, Washington is in very good condition we estimate a sale value of £85,313 and rental value of £573 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £75,563 and a rental value of £508 per month.
If you were able to purchase this property for the estimated value of £81,250, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £399 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, 5, The Oval, Washington was last sold on 24 Feb 2023 for £85,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Feb 2023, the market for similar properties has risen 6.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, The Oval, Washington within a radius of 540 metres over the last 2 years.
The most recent example is 71, Laurens Court, Washington, NE37 2EF, a Freehold house which sold for £76,500 in May 2023.
Read more about house prices in NE37.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Oval, Washington, NE37 has a total of 80 addresses. According to our analysis of all the public data, 5, The Oval, Washington is the 2nd largest and the 41st most expensive property on the street.
When compared to the postcode district it is £73k less expensive than the average property in NE37.
The closest station to 5, The Oval, Washington is Heworth station which is 4.6 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 5, The Oval, Washington, 70.6% of property is socially rented and 12.7% is privately rented.
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 5, The Oval, Washington, 20.9% of residents are recorded as possessing school level qualifications and 12.7% 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 5, The Oval, 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 5, The Oval, Washington, 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 5, The Oval, Washington, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.