According to the public record, 121A, Spout Lane, Washington is a period freehold house with 958 ft2 of internal area and sits on a 121 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Spout Lane, Washington, NE37 is located in the borough of Sunderland within the NE37 postal district.
121A, Spout Lane, Washington has 3 entries in the Land Registry database, most recently in June 2016 and a single entry in the EPC database dated June 2011.
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 121A Spout Lane Washington as £111,595 and the rental value as £763 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 121A Spout Lane Washington has increased by £3,339 (3.0%) and its rental value has increased by £85 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 121A, Spout Lane, Washington is in very good condition we estimate a sale value of £117,175 and rental value of £801 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £103,784 and a rental value of £710 per month.
If you were able to purchase this property for the estimated value of £111,595, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £548 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, 121A, Spout Lane, Washington sits on a plot of 121m2.
We have plot size data on 8 out of 14 other houses in the postcode and 121A, Spout Lane, Washington sits on the 8th largest plot.
According to HM Land Registry, 121A, Spout Lane, Washington was last sold on 01 Jun 2016 for £82,500 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jun 2016, the market for similar properties has risen 27.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 121A, Spout Lane, Washington within a radius of 720 metres over the last 2 years.
The most recent example is 81, Hertburn Gardens, Washington, NE37 2DL, a Freehold house which sold for £94,000 in Jun 2023.
Read more about house prices in NE37.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spout Lane, Washington, NE37 has a total of 109 addresses. According to our analysis of all the public data, 121A, Spout Lane, Washington is the 22nd largest and the 21st most expensive property on the street.
When compared to the postcode district it is £43k less expensive than the average property in NE37.
121A, Spout Lane, Washington has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Jun 2011.
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 121A, Spout Lane, Washington is Heworth station which is 5.4 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 121A, Spout Lane, Washington, 55.1% of property is socially rented and 18.1% 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 121A, Spout Lane, Washington, 17.2% of residents are recorded as possessing school level qualifications and 17.4% 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 121A, Spout Lane, 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 121A, Spout Lane, Washington, 0.7% 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 121A, Spout Lane, Washington, 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.