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House Prices in SR1

The average house price in SR1 (Sunderland) is £65,000 using HM Land Registry data.

The average property price increased by £30,649 (30.31%) over the last 5 years and increased by £6,141 (4.44%) over the last 12 months.

Over the last year, there were 21 residential property sales – a decrease of 5 transactions (-23.81%) relative to the previous year. The majority of house sales (6) were in the £84,000 - £102,000 range. Then came properties in the £48,000 - £66,000 range, where 5 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 88 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,000 (-3%).

In Oct 24, there were 8 new estate agency instructions, 5 agreed home sales and 10 property price reductions.

5-Year Average Property Prices in SR1 (Sunderland)

30.31%

Property prices in Sunderland increased by 30.31% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in SR1 (Sunderland) Over the Last Year

4.44%

Property prices in Sunderland increased by 4.44% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for SR1 (Sunderland) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in SR1 (Sunderland)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in SR1 (Sunderland)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in SR1 (Sunderland)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the SR1 (Sunderland) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SR1 postcode area since 1995.

Recent Sales in SR1 (Sunderland)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
8 Nesham Terrace, Sunderland, Tyne And Wear, SR1 2DY	£89,950	£89,950	£00	31 Jan 2024	24 May 2024	114 Days
16 Minorca Close, Sunderland, Tyne And Wear, SR1 2PF	£88,950	£87,500	-£1,450	24 Oct 2023	09 Apr 2024	168 Days
5 Chester Crescent, Sunderland, Tyne And Wear, SR1 3SH	£89,950	£89,950	£00	27 Mar 2024	05 Apr 2024	9 Days
16 Wylam Grove, Sunderland, Tyne And Wear, SR1 2RN	£120,000	£115,000	-£5,000	06 Sep 2023	28 Mar 2024	204 Days
Apartment 11, Echo Building, West Wear Street, Sunderland, Tyne And Wear, SR1 1XD	£35,000	£35,000	£00	26 Jul 2023	04 Oct 2023	70 Days
11 The Leazes, Sunderland, Tyne And Wear, SR1 3SW	£107,000	£105,000	-£2,000	06 Feb 2023	01 Sep 2023	207 Days
18 The Leazes, Sunderland, Tyne And Wear, SR1 3SW	£125,000	£121,000	-£4,000	02 Dec 2022	12 Jun 2023	192 Days
15 The Leazes, Sunderland, Tyne And Wear, SR1 3SW	£110,000	£110,000	£00	08 Feb 2022	05 Jul 2022	147 Days
25 Gilhurst Grange, Sunderland, Tyne And Wear, SR1 3QN	£69,995	£69,000	-£995	14 Jun 2021	06 May 2022	326 Days
41 The Leazes, Sunderland, Tyne And Wear, SR1 3SW	£134,950	£125,000	-£9,950	19 Nov 2021	31 Mar 2022	132 Days
8 Chester Crescent, Sunderland, Tyne And Wear, SR1 3SH	£90,000	£86,000	-£4,000	16 Oct 2021	25 Mar 2022	160 Days
Apartment 6, Echo Building, West Wear Street, Sunderland, Tyne And Wear, SR1 1XD	£64,999	£64,999	£00	14 Oct 2021	07 Dec 2021	54 Days
5 Mariner Square, Sunderland, Tyne And Wear, SR1 2DX	£89,950	£85,000	-£4,950	30 Apr 2021	15 Oct 2021	168 Days
1 Rosedale Street, Sunderland, Tyne And Wear, SR1 3RW	£65,000	£64,000	-£1,000	29 Jul 2020	30 Jun 2021	336 Days
26 Rosedale Street, Sunderland, Tyne And Wear, SR1 3RW	£75,000	£75,000	£00	17 Feb 2021	07 Jun 2021	110 Days
28 Mariner Square, Sunderland, Tyne And Wear, SR1 2DX	£89,950	£80,000	-£9,950	20 Mar 2020	27 Jan 2021	313 Days
6 James Williams Street, Sunderland, Tyne And Wear, SR1 2JS	£80,000	£70,000	-£10,000	29 Feb 2020	21 Aug 2020	174 Days
18 Wharncliffe Street, Sunderland, Tyne And Wear, SR1 3RG	£52,950	£50,000	-£2,950	31 Aug 2019	31 Jan 2020	153 Days
Flat 23, The Mowbray, Borough Road, Sunderland, Tyne And Wear, SR1 1PS	£60,000	£54,500	-£5,500	29 Jun 2019	20 Dec 2019	174 Days
Apartment 49, Echo Building, West Wear Street, Sunderland, Tyne And Wear, SR1 1XD	£84,950	£82,000	-£2,950	14 May 2019	29 Aug 2019	107 Days

Most Expensive Streets in SR1 (Sunderland)

Postcode	Street	Area	Average	No. of Sales
SR1 3SW	The Leazes	Sunderland	£109,333	6
SR1 2LH	Raine Grove	Sunderland	£84,600	3
SR1 1XH	Echo Building, West Wear Street, Sunderland	Sunderland	£83,554	21
SR1 2DX	Mariner Square	Sunderland	£83,500	3
SR1 1BH	The Post Office, West Sunniside	Sunderland	£71,880	5
SR1 1XD	Echo Building, West Wear Street, Sunderland	Sunderland	£66,708	12
SR1 1XD	Echo Building, West Wear Street, Sunderland	Sunderland	£66,708	12
SR1 3RW	Rosedale Street	Sunderland	£65,500	3
SR1 3RW	Rosedale Street	Sunderland	£65,500	3
SR1 2QQ	Barleycorn Place	Sunderland	£65,000	3

Least Expensive Streets in SR1 (Sunderland)

Postcode	Street	Area	Average	No. of Sales
SR1 2AY	Quayside House, High Street East, Sunderland	Sunderland	£30,000	3
SR1 3DY	Astral House, Upper Walworth Way	Sunderland	£43,983	3
SR1 2AT	River View, Low Street, Sunderland	Sunderland	£50,983	15
SR1 1HR	Horizon House, Borough Road	Sunderland	£56,109	51
SR1 1HS	Horizon House, Borough Road	Sunderland	£59,720	54
SR1 1BL	Maritime Buildings, St Thomas Street, Sunderland	Sunderland	£61,033	3
SR1 1BL	Maritime Buildings, St Thomas Street, Sunderland	Sunderland	£61,033	3
SR1 1RH	Fawcett Street	Sunderland	£61,956	8
SR1 1RH	Fawcett Street	Sunderland	£61,956	8
SR1 2QQ	Barleycorn Place	Sunderland	£65,000	3