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House Prices in SR2

The average house price in SR2 (Sunderland) is £210,496 using HM Land Registry data.

The average property price increased by £1,279 (16.97%) over the last 5 years and increased by £256 (2.73%) over the last 12 months.

Over the last year, there were 292 residential property sales – a decrease of 184 transactions (-63.01%) relative to the previous year. The majority of house sales (75) were in the £102,000 - £144,000 range. Then came properties in the £60,000 - £102,000 range, where 69 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,670 (-2%).

In June 2024, there were 67 new estate agency instructions, 44 agreed home sales and 25 property price reductions.

5-Year Average Property Prices in SR2 (Sunderland)

16.97%

Property prices in Sunderland increased by 16.97% 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 SR2 (Sunderland) Over the Last Year

2.73%

Property prices in Sunderland increased by 2.73% 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 SR2 (Sunderland) - June 2024

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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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 SR2 (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 SR2 (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 SR2 (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 SR2 (Sunderland) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SR2 postcode area since 1995.

Recent Sales in SR2 (Sunderland)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
8 Ramilies, Sunderland, Tyne And Wear, SR2 0BB	£115,000	£87,114	-£27,886	15 Jun 2020	24 May 2024	1439 Days
81 Beechbrooke, Ryhope, Sunderland, Tyne And Wear, SR2 0NZ	£85,000	£83,000	-£2,000	06 Nov 2023	24 Apr 2024	170 Days
36 Thomas Street, Ryhope, Sunderland, Tyne And Wear, SR2 0RF	£73,000	£63,000	-£10,000	31 Jul 2020	19 Apr 2024	1358 Days
3 Burlawn Close, Sunderland, Tyne And Wear, SR2 0YR	£105,000	£103,000	-£2,000	28 Sep 2023	19 Apr 2024	204 Days
88 Leechmere Road, Sunderland, Tyne And Wear, SR2 9NF	£124,995	£124,995	£00	22 Dec 2023	28 Mar 2024	97 Days
12 Beechwood Terrace, Sunderland, Tyne And Wear, SR2 7LX	£210,000	£207,000	-£3,000	12 Jul 2023	28 Mar 2024	260 Days
15 Athelstan Rigg, Sunderland, Tyne And Wear, SR2 0NT	£59,950	£59,950	£00	31 Jul 2023	28 Mar 2024	241 Days
Flat 23, Louise House, Victoria Court, Sunderland, Tyne And Wear, SR2 7JY	£60,000	£58,000	-£2,000	27 Sep 2023	22 Mar 2024	177 Days
113 Tunstall Road, Sunderland, Tyne And Wear, SR2 9BA	£249,950	£240,000	-£9,950	03 Jan 2024	22 Mar 2024	79 Days
2 Bennett Court, Sunderland, Tyne And Wear, SR2 9QZ	£160,000	£155,000	-£5,000	08 Dec 2023	22 Mar 2024	105 Days
113 Leechmere Road, Sunderland, Tyne And Wear, SR2 9DG	£180,000	£175,000	-£5,000	17 Oct 2023	18 Mar 2024	153 Days
23 Park Place East, Sunderland, Tyne And Wear, SR2 8EE	£285,000	£56,000	-£229,000	15 Feb 2019	15 Mar 2024	1855 Days
148 Canon Cockin Street, Sunderland, Tyne And Wear, SR2 8PR	£45,000	£45,000	£00	15 Dec 2023	01 Mar 2024	77 Days
11 Thornhill Gardens, Sunderland, Tyne And Wear, SR2 7LD	£299,950	£283,000	-£16,950	22 Jun 2023	29 Feb 2024	252 Days
9 Markington Drive, Ryhope, Sunderland, Tyne And Wear, SR2 0LB	£220,000	£215,000	-£5,000	15 Sep 2023	29 Feb 2024	167 Days
37 Highclere Drive, Sunderland, Tyne And Wear, SR2 0DB	£280,000	£279,000	-£1,000	18 Jul 2023	27 Feb 2024	224 Days
21 Ryemount Road, Sunderland, Tyne And Wear, SR2 0BT	£125,000	£120,000	-£5,000	31 May 2023	23 Feb 2024	268 Days
5a, The Esplanade, Sunderland, Tyne And Wear, SR2 7BQ	£220,000	£215,000	-£5,000	12 Jul 2023	20 Feb 2024	223 Days
Sulby Lodge, Ashbrooke Range, Sunderland, Tyne And Wear, SR2 7TR	£480,000	£470,000	-£10,000	14 Apr 2023	15 Feb 2024	307 Days
19 Runnymede, Sunderland, Tyne And Wear, SR2 0BJ	£125,000	£120,000	-£5,000	28 Sep 2023	08 Feb 2024	133 Days

Most Expensive Streets in SR2 (Sunderland)

Postcode	Street	Area	Average	No. of Sales
SR2 0FY	Kirkland Road, Ryhope	Sunderland	£437,795	5
SR2 7JL	Thornhill Terrace	Sunderland	£410,000	3
SR2 0LH	Fulbroke Close, Ryhope	Sunderland	£390,666	3
SR2 0FQ	Hartland Close, Ryhope	Sunderland	£385,337	19
SR2 8HX	Mowbray Road	Sunderland	£385,000	4
SR2 7BY	Elms West	Sunderland	£383,333	3
SR2 7RG	Rydale Park	Sunderland	£345,200	5
SR2 0FG	Adriana Close, Ryhope	Sunderland	£335,495	6
SR2 7TQ	Cedars Park	Sunderland	£334,666	3
SR2 0PF	The Village, Ryhope	Sunderland	£326,500	3

Least Expensive Streets in SR2 (Sunderland)

Postcode	Street	Area	Average	No. of Sales
SR2 0DY	Edgmond Court	Sunderland	£33,250	3
SR2 8QN	Cairo Street	Sunderland	£35,800	5
SR2 8QE	St Leonard Street	Sunderland	£38,388	9
SR2 8PW	Canon Cockin Street	Sunderland	£40,000	3
SR2 8QB	St Leonard Street	Sunderland	£41,764	7
SR2 8JY	Tower Street West	Sunderland	£42,285	9
SR2 8LA	Hendon Burn Avenue	Sunderland	£42,313	11
SR2 8LF	Hendon Valley Road	Sunderland	£42,500	4
SR2 8LU	Noble Street	Sunderland	£42,512	8
SR2 8QL	Cairo Street	Sunderland	£43,416	6