Area Guide For Sunderland

Sunderland  or local lies at the heart of the City of Sunderland, a metropolitan borough of Tyne and Wear, in North East England. It is situated at the mouth of the River Wear. The name "Sunderland" is reputed to come from Soender-land (soender/sunder being the Anglo-Saxon infinitive, meaning "to part", (cf. "(a)sunder"), likely to be reference to the valley carved by the River Wear on whose south bank the original settlement of Sunderland was founded. Historically a part of County Durham, there were three original settlements on the site of modern-day Sunderland. On the north side of the river, Monkwearmouth was settled in 674 when Benedict Biscop founded the Wearmouth-Jarrow monastery. Opposite the monastery on the south bank, Bishopwearmouth was founded in 930. A small fishing village called Sunderland, located toward the mouth of the river (modern day East End) was granted a charter in 1179. Over the centuries, Sunderland grew as a port, trading coal and salt. Ships began to be built on the river in the 14th century. By the 19th century, the port of Sunderland had grown to absorb Bishopwearmouth and Monkwearmouth. A person who is born or lives around


Sunderland Map

Estimated Price: £139,116
Average Asking Price: £166,131
Price change in last one year: £1,346
Average Price Paid: £125,923
Average Rent Rates: £611


Property Prices Breakdown in Sunderland

Average Price for property in Sunderland is around £139,116 which varies based on type of property you are interested in and ranges from £270,173 for detached house to around £142,369 for semi-detached. Similarly terraced house is around £103,070 and a flat is worth £117,662. Values have been changing and have risen £160 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,113 in last 6 months, £1,346 in last 1 year, £8,492 in last 2 years, £8,269 in last 3 years, £7,475 in last 4 years and £6,995 in last 5 years.

Currently average asking price of a property in Sunderland is around £166,131 based on approximately 1,668 properties for sale. Same is the case with rental options based on 762 properties up for rent, average asking rent is around £611 per month.

Estimated property value in Sunderland is £139,116. Average asking price is £166,131 while average price paid is £128,059 which is up by £1,346 and Avg. asking rent £611.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Sunderland area. In last 1 year alone average price buyer paid is around £128,059 based on approximately 1,668 sales in Sunderland area alone. If you compare it to last 3 years sales of 4,845 properties where buyers paid around £125,208. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £125,923 for 7,784 and average amount paid for purchase of approx. 10,832 properties sold in last 7 years comes to about £125,872 per sale.


Properties For Sale in Sunderland


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £68,308, £101,474 for a 2 bedroom house, £143,322 for a 3 bedroom house, £225,585 for a 4 bedroom house and £311,778 for a 5 bedroom house. For a flat similarly the prices varies from £68,654 for a single bedroom to £112,177 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £120,317 and £187,475 for a 5 bedroom flat. To sum up the asking prices for properties in Sunderland it comes to around average £68,543 for 1 bedroom property, £105,766 for 2 bedroom, £142,461 for 3 bedroom, £225,585 for 4 bedroom and £306,806 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £361 for 1 bedroom to £462 for 2 bedrooms, £539 for 3 bedrooms, £686 for 4 bedrooms and £951 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £371. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £498, £451 for 3 bedroom, £616 for 4 bedroom and around £395 for 5 bedroom flat. You should be generally be expecting around average £367 rent per month for single bedroom property, £482 for 2 bedroom, £523 for 3 bedroom, £670 for 4 bedroom and approximately £855 for a 5 bedroom property in Sunderland area.

Popular Houses in Sunderland

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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