According to the public record, Apartment 6, Echo Building, Sunderland is a modern leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Echo Building, West Wear Street, Sunderland, SR1.
West Wear Street, Sunderland, SR1 is located in the borough of Sunderland within the SR1 postal district.
Apartment 6, Echo Building, Sunderland has 3 entries in the Land Registry database, most recently in December 2021 and a single entry in the EPC database dated August 2018.
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 Apartment 6 Echo Building Sunderland as £77,372 and the rental value as £548 per month giving an expected gross yield of 8.5%.
Over the last 12 months the sale value of Apartment 6 Echo Building Sunderland has increased by £1,860 (2.4%) and its rental value has increased by £55 per month (10.0%).
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 Apartment 6, Echo Building, Sunderland is in very good condition we estimate a sale value of £81,240 and rental value of £575 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £71,956 and a rental value of £510 per month.
If you were able to purchase this property for the estimated value of £77,372, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £380 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, Apartment 6, Echo Building, Sunderland was last sold on 07 Dec 2021 for £64,999 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Dec 2021, the market for similar properties has risen 1.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 6, Echo Building, Sunderland within a radius of 540 metres over the last 2 years.
The most recent example is Apartment 53, Echo Building, West Wear Street, Sunderland, SR1 1XD, a Leasehold flat which sold for £36,500 in Dec 2023.
Read more about house prices in SR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
West Wear Street, Sunderland, SR1 has a total of 181 addresses. According to our analysis of all the public data, Apartment 6, Echo Building, Sunderland is the 165th largest and the 172nd most expensive property on the street.
When compared to the postcode district it is £57k less expensive than the average property in SR1.
Apartment 6, Echo Building, Sunderland has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 Aug 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Apartment 6, Echo Building, Sunderland is Sunderland station which is 400 metres 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 Apartment 6, Echo Building, Sunderland, 73.9% of property is privately rented and 11.6% is privately owned outright.
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 Apartment 6, Echo Building, Sunderland, 77.4% of residents are recorded as possessing school level qualifications and 38.2% 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 Apartment 6, Echo Building, Sunderland, the average age was 36.7 and the most common age was 22.
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 Apartment 6, Echo Building, Sunderland, 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 Apartment 6, Echo Building, Sunderland, there are an average of 0.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.