According to the public record, 8, Station Road, Houghton Le Spring is a period leasehold apartment and with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Station Road, Hetton-Le-Hole, Houghton Le Spring, DH5 is located in the borough of Sunderland within the DH5 postal district.
8, Station Road, Houghton Le Spring has 21 entries in the Land Registry database, most recently in December 2007 and 2 entries in the EPC database, most recently in February 2019.
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 8 Station Road Houghton Le Spring as £59,915 and the rental value as £483 per month giving an expected gross yield of 9.7%.
Over the last 12 months the sale value of 8 Station Road Houghton Le Spring has increased by £1,309 (2.2%) and its rental value has increased by £46 per month (9.6%).
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 8, Station Road, Houghton Le Spring is in very good condition we estimate a sale value of £62,911 and rental value of £507 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £55,721 and a rental value of £449 per month.
If you were able to purchase this property for the estimated value of £59,915, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £294 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, 8, Station Road, Houghton Le Spring was last sold on 21 Dec 2007 for £62,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2007, the market for similar properties has dropped 5.4%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 8, Station Road, Houghton Le Spring within a radius of 253m over the last 2 years.
The most recent example is 24, Claypath Road, Houghton Le Spring, DH5 0EL, a Leasehold flat which sold for £63,000 in Sep 2023.
Read more about house prices in DH5.
Station Road, Hetton-Le-Hole, Houghton Le Spring, DH5 has a total of 81 addresses. According to our analysis of all the public data, 8, Station Road, Houghton Le Spring is the 81st largest and the 79th most expensive property on the street.
When compared to the postcode district it is £90k less expensive than the average property in DH5.
8, Station Road, Houghton Le Spring has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Feb 2019.
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 8, Station Road, 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 8, Station Road, Houghton Le Spring, 49.6% of property is privately owned outright and 24.0% 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 8, Station Road, Houghton Le Spring, 16.7% of residents are recorded as possessing school level qualifications and 15.9% 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 8, Station Road, Houghton Le Spring, the average age was 45.6 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 8, Station Road, 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 8, Station Road, Houghton Le Spring, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.