According to the public record, 71, Ocean Park Road, Sunderland is a mid-century freehold house with 990 ft2 of internal area and sits on a 236,035 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Ocean Park Road, Sunderland, SR6 is located in the borough of Sunderland within the SR6 postal district.
71, Ocean Park Road, Sunderland has a single entry in the Land Registry database from December 2022 and a single entry in the EPC database dated September 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 71 Ocean Park Road Sunderland as £324,536 and the rental value as £1,491 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 71 Ocean Park Road Sunderland has decreased by £548 (0.2%) and its rental value has increased by £118 per month (7.9%).
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 71, Ocean Park Road, Sunderland is in very good condition we estimate a sale value of £340,763 and rental value of £1,566 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £301,819 and a rental value of £1,387 per month.
If you were able to purchase this property for the estimated value of £324,536, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,595 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, 71, Ocean Park Road, Sunderland sits on a plot of 236035m2.
We have plot size data on 76 out of 82 other houses in the postcode and 71, Ocean Park Road, Sunderland sits on the largest plot.
According to HM Land Registry, 71, Ocean Park Road, Sunderland was last sold on 16 Dec 2022 for £299,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2022, the market for similar properties has dropped 0.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 71, Ocean Park Road, Sunderland within a radius of 790 metres over the last 2 years.
The most recent example is 11, Ocean Park Road, Sunderland, SR6 8BP, a Freehold house which sold for £320,000 in Nov 2023.
Read more about house prices in SR6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ocean Park Road, Sunderland, SR6 has a total of 82 addresses. According to our analysis of all the public data, 71, Ocean Park Road, Sunderland is the 48th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £126k more expensive than the average property in SR6.
71, Ocean Park Road, Sunderland has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 Sep 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 71, Ocean Park Road, Sunderland is Sunderland station which is 3.5 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 71, Ocean Park Road, Sunderland, 71.0% of property is privately owned outright and 21.8% 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 71, Ocean Park Road, Sunderland, 12.8% of residents are recorded as possessing school level qualifications and 39.9% 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 71, Ocean Park Road, Sunderland, the average age was 48.5 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 71, Ocean Park Road, Sunderland, 1.9% 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 71, Ocean Park Road, Sunderland, there are an average of 1.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.