According to the public record, Apartment 92, Echo Building, Sunderland is a modern leasehold apartment with 699 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 92, Echo Building, Sunderland has 3 entries in the Land Registry database, most recently in August 2023 and a single entry in the EPC database dated January 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 92 Echo Building Sunderland as £105,468 and the rental value as £663 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of Apartment 92 Echo Building Sunderland has increased by £2,535 (2.4%) and its rental value has increased by £66 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 92, Echo Building, Sunderland is in very good condition we estimate a sale value of £110,742 and rental value of £697 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £98,085 and a rental value of £617 per month.
If you were able to purchase this property for the estimated value of £105,468, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £518 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 92, Echo Building, Sunderland was last sold on 25 Aug 2023 for £58,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Aug 2023, the market for similar properties has risen 2.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 92, Echo Building, Sunderland within a radius of 540 metres over the last 2 years.
The most recent example is Apartment 99, Echo Building, West Wear Street, Sunderland, SR1 1XH, a Leasehold flat which sold for £79,950 in Jul 2020.
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 92, Echo Building, Sunderland is the 146th largest and the 74th most expensive property on the street.
When compared to the postcode district it is £29k less expensive than the average property in SR1.
Apartment 92, Echo Building, Sunderland has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Jan 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 92, 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 92, 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 92, 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 92, 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 92, 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 92, 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.