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All you need to know – houses for sale in Sunderland

by | Nov 15, 2022

Home $ House for sale in the UK $ All you need to know – houses for sale in Sunderland

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Whenever looking for a house for sale in the UK or in Sunderland, it is vital you look at the market trends and house price fluctuations in the wider area of Tyne and Wear too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Sunderland.

In this article, we will be looking at the city of Sunderland in detail so you know how to navigate the area and have a better understanding on where to invest.

Why you should consider the average rental yield when searching for houses for sale in Sunderland

What is the growth in the housing market of Sunderland?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Sunderland at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Sunderland growth rate -5% 3% 5%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Sunderland gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Sunderland.

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Sunderland this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (North East) alongside Tyne and Wear then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Sunderland.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Sunderland £0 £574 £1 £0
Tyne and Wear 5.54% £749.28 138.20% 21.54%
North East 0.05 757.25 £1 19.25%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Sunderland.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (14) will be useful.

A house for sale appropriate to your needs

What parameters impact the final price of a house for sale in Sunderland?
Here below is our list with the most important ones:

  • House for sale affordability – check out the (see house affordability guide)

    on the UK gov website to know more

  • House Location – the actual location of a house for sale drastically changes the final price of a property
  • Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
  • Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
  • Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
  • Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
  • Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
  • Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
  • Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.

In Sunderland, what is the asking price in general for a house for sale?

On average, in Sunderland, the asking price for a house for sale in the area is £135,288.

The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Sunderland. From a 1 bedroom house up to a 5 bedroom house.

As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.

Average prices for the houses for sale in Sunderland

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £100,435
Average asking price (3 bed) £150,441
Average asking price (4 bed) £287,750
Average asking price (5 bed) no relevant data for this city

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Sunderland is the right area to buy a house in for you.

In Sunderland, what are the demographics like?

In Sunderland, how has the population changed?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Sunderland if 204251 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Sunderland such as rental yield or house appreciation.

How has the population size of Sunderland adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Sunderland by 0%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 0% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Sunderland?

In the last decade, the population of Sunderland has been adjusted by 1%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

Is the crime rate bad in the city of Sunderland?

The crime rate of Sunderland must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.

For example, the area has a crime rate of 20529%, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.

Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.

Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (20529%) is both useful and is recommended to be compared to the average.

In the city of Sunderland, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Tyne and Wear for example.

These demographics for Sunderland may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Sunderland in North East.

How much do people in Sunderland earn?

By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.

In Sunderland, the average income is £31,671.43. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.

When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 12% to decide on what the demographics are like in the area.

In Sunderland, what is the social grade score?

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits. The number of people in Sunderland in grades A or B which are the highest skilled roles in the country is 12%.

Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £31,671.43 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 12%.

In Sunderland, how educated are people in general?

Interestingly, the percentage of people who have a degree in the city of Sunderland is 17%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Sunderland is £31,671.43.

Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.

Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.

However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.

How much green space is available to residents of Sunderland?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Sunderland, the city has 12 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Sunderland.

Are the people of Sunderland deprived?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of £0 for Sunderland should give you a nice idea of the deprivation in the area.

In general, what do houses for sale sell for in Sunderland?

In Sunderland, houses for sale are sold at an average of £120,611. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Sunderland. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

Housing category Total final sale price
Aerage sold price (detached) £218,686
Aerage sold price (semi-detached) £132,484
Aerage sold price (terraced) £90,482
Aerage sold price (flat) £68,512

As you can see above, for Sunderland, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 1% where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £1,337
Aerage sold price/sqft (new build) £2,013
Aerage sold price/sqft (old stock) £1,253

Looking at the second table about Sunderland, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Sunderland is £1,337.

Thinking of a different city and perhaps a different location?

Below is a list of towns that differ from Sunderland.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to North East:

If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.

Advice from experts on properties for sale in Sunderland

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

  • Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
  • Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
  • Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
  • Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
  • Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
  • EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

FAQ

Are there opportunities for property renovation in Sunderland?

Sunderland is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 3 each month, attaining a success rate of 93% and a total population of 204251. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place

How many property sales occur per month in Sunderland?

In Sunderland, the monthly property transaction count reaches 14, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.

How does the population in a city like Sunderland change annually?

Calculating the evolution of Sunderland’s population requires an examination of the population transformation over a decade, amounting to 1%, and the five-year adjustment at 0%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby

In the larger vicinity of Sunderland, what is the cost of houses available for sale?

The average cost per square foot for a house in Sunderland is presently £0.

Is a house for sale in Sunderland an expensive choice?

Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Sunderland, this value is £120,611, compared to the UK’s average of £286,500.

Buying a Home? Find Top-Rated Estate Agents in Sunderland

If you’re purchasing property in Sunderland? The right estate agent can make all the difference in guiding you through the home buying process. We understand how stressful and time-consuming finding an agent can be so we’ve compiled a list of the highest-rated real estate agencies in the area below. Our goal is to simplify your search and take you straight to reputable agents equipped to help buy your ideal home.

Name of the Agent Phone Number Address Email Address
New Homes 441914999265 2 The Chase, Rickleton, Washington, NE38 9DX Phone number only
Riverside Residential Property Services 441914169944 21A Lowthian Terrace Phone number only
Peter Heron – Sunderland 441917230019 20 Fawcett Street, Sunderland, SR1 1RH nan
Dean & Co 441273721061 1 Hangleton Road Emma Newman (emma@dean-property.co.uk);Les Newman (les@dean-property.co.uk)
Manor Property Management Ltd 441915118667 57 Frederick St, Sunderland, SR1 1NF Phone number only

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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