According to the public record, 9A, Richard Street, Houghton Le Spring is a early-century leasehold apartment and with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 9, Richard Street, Hetton-Le-Hole, Houghton Le Spring, DH5.
Richard Street, Hetton-Le-Hole, Houghton Le Spring, DH5 is located in the borough of Sunderland within the DH5 postal district.
9A, Richard Street, Houghton Le Spring has 3 entries in the Land Registry database, most recently in July 2023 and a single entry in the EPC database dated May 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 9A Richard Street Houghton Le Spring as £63,934 and the rental value as £498 per month giving an expected gross yield of 9.4%.
Over the last 12 months the sale value of 9A Richard Street Houghton Le Spring has increased by £1,396 (2.2%) and its rental value has increased by £48 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 9A, Richard Street, Houghton Le Spring is in very good condition we estimate a sale value of £67,130 and rental value of £523 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £59,458 and a rental value of £464 per month.
If you were able to purchase this property for the estimated value of £63,934, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £314 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, 9A, Richard Street, Houghton Le Spring was last sold on 14 Jul 2023 for £67,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jul 2023, the market for similar properties has risen 2.6%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 9A, Richard Street, Houghton Le Spring within a radius of 547m over the last 2 years.
The most recent example is 73, The Avenue, Houghton Le Spring, DH5 9DH, a Leasehold flat which sold for £69,950 in Aug 2022.
Read more about house prices in DH5.
Richard Street, Hetton-Le-Hole, Houghton Le Spring, DH5 has a total of 31 addresses. According to our analysis of all the public data, 9A, Richard Street, Houghton Le Spring is the 15th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £86k less expensive than the average property in DH5.
9A, Richard Street, Houghton Le Spring has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 May 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 9A, Richard Street, Houghton Le Spring is Seaham station which is 7.2 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 9A, Richard Street, Houghton Le Spring, 30.0% of property is privately owned outright and 30.0% 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 9A, Richard Street, Houghton Le Spring, 18.1% of residents are recorded as possessing school level qualifications and 12.5% 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 9A, Richard Street, 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 9A, Richard Street, 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 9A, Richard Street, Houghton Le Spring, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.