According to the public record, 57, Bailey Way, Houghton Le Spring is a mid-century leasehold house and with 968 ft2 of internal area and sits on a 551 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Bailey Way, Hetton-Le-Hole, Houghton Le Spring, DH5 is located in the borough of Sunderland within the DH5 postal district.
57, Bailey Way, Houghton Le Spring has a single entry in the Land Registry database from April 2022 and a single entry in the EPC database dated January 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 57 Bailey Way Houghton Le Spring as £157,154 and the rental value as £959 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 57 Bailey Way Houghton Le Spring has increased by £1,785 (1.1%) and its rental value has increased by £81 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 57, Bailey Way, Houghton Le Spring is in very good condition we estimate a sale value of £165,012 and rental value of £1,007 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £146,153 and a rental value of £892 per month.
If you were able to purchase this property for the estimated value of £157,154, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £772 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, 57, Bailey Way, Houghton Le Spring sits on a plot of 551m2.
We have plot size data on 26 out of 37 other houses in the postcode and 57, Bailey Way, Houghton Le Spring sits on the 3rd largest plot.
According to HM Land Registry, 57, Bailey Way, Houghton Le Spring was last sold on 14 Apr 2022 for £140,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Apr 2022, the market for similar properties has risen 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 57, Bailey Way, Houghton Le Spring within a radius of 168m over the last 2 years.
The most recent example is 55, Bailey Way, Houghton Le Spring, DH5 0HD, a Freehold house which sold for £162,500 in Jun 2023.
Read more about house prices in DH5.
Bailey Way, Hetton-Le-Hole, Houghton Le Spring, DH5 has a total of 65 addresses. According to our analysis of all the public data, 57, Bailey Way, Houghton Le Spring is the 35th largest and the 41st most expensive property on the street.
When compared to the postcode district it is £7k more expensive than the average property in DH5.
57, Bailey Way, Houghton Le Spring has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 12 Jan 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 57, Bailey Way, Houghton Le Spring is Seaham station which is 7.3 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 57, Bailey Way, Houghton Le Spring, 69.8% of property is socially rented and 11.3% 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 57, Bailey Way, Houghton Le Spring, 25.7% of residents are recorded as possessing school level qualifications and 13.4% 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 57, Bailey Way, Houghton Le Spring, 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 57, Bailey Way, Houghton Le Spring, 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 57, Bailey Way, Houghton Le Spring, 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.