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House Prices in SR3

The average house price in SR3 (Sunderland) is £131,277 using HM Land Registry data.

The average property price increased by £34,571 (28.16%) over the last 5 years and increased by £6,911 (4.19%) over the last 12 months.

Over the last year, there were 317 residential property sales – a decrease of 235 transactions (-74.13%) relative to the previous year. The majority of house sales (74) were in the £70,000 - £116,000 range. Then came properties in the £116,000 - £162,000 range, where 62 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 53 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,474 (-3%).

In June 2024, there were 85 new estate agency instructions, 48 agreed home sales and 19 property price reductions.

5-Year Average Property Prices in SR3 (Sunderland)

28.16%

Property prices in Sunderland increased by 28.16% 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 SR3 (Sunderland) Over the Last Year

4.19%

Property prices in Sunderland increased by 4.19% 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 SR3 (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 SR3 (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 SR3 (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 SR3 (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 SR3 (Sunderland) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SR3 postcode area since 1995.

Recent Sales in SR3 (Sunderland)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
9 Danby Close, Sunderland, Tyne And Wear, SR3 2DB	£165,000	£165,000	£00	28 Feb 2024	01 May 2024	63 Days
57 The Strand, Sunderland, Tyne And Wear, SR3 3DS	£145,000	£142,000	-£3,000	16 Sep 2023	09 Apr 2024	206 Days
27 Goldlynn Drive, Sunderland, Tyne And Wear, SR3 2ST	£199,950	£197,250	-£2,700	19 Oct 2023	09 Apr 2024	173 Days
3 Carlton Crescent, Sunderland, Tyne And Wear, SR3 3PJ	£199,950	£199,950	£00	07 Nov 2023	05 Apr 2024	150 Days
1 Launceston Drive, Sunderland, Tyne And Wear, SR3 3QD	£149,950	£145,000	-£4,950	11 Sep 2023	03 Apr 2024	205 Days
14 Powis Road, Sunderland, Tyne And Wear, SR3 1SW	£109,950	£104,000	-£5,950	30 Nov 2023	15 Mar 2024	106 Days
37 Tunstall Village Green, Sunderland, Tyne And Wear, SR3 2BU	£315,000	£305,000	-£10,000	02 Nov 2022	08 Mar 2024	492 Days
18 Corbiere Close, Sunderland, Tyne And Wear, SR3 2SP	£279,950	£277,500	-£2,450	09 Oct 2023	01 Mar 2024	144 Days
5 Maltby Close, Sunderland, Tyne And Wear, SR3 2QR	£79,950	£73,000	-£6,950	15 Nov 2023	28 Feb 2024	105 Days
24 Brignall Rise, Sunderland, Tyne And Wear, SR3 1PS	£249,995	£235,000	-£14,995	04 Jul 2023	23 Feb 2024	234 Days
13 Castlereagh Street, Sunderland, Tyne And Wear, SR3 1HJ	£85,000	£82,500	-£2,500	07 Sep 2023	23 Feb 2024	169 Days
40 Edward Street, Silksworth, Sunderland, Tyne And Wear, SR3 1EW	£110,000	£108,000	-£2,000	12 Oct 2023	16 Feb 2024	127 Days
3 Bordeaux Close, Sunderland, Tyne And Wear, SR3 2SR	£370,000	£350,000	-£20,000	28 Jul 2023	09 Feb 2024	196 Days
37 Shrewsbury Crescent, Sunderland, Tyne And Wear, SR3 4AP	£80,000	£78,000	-£2,000	16 Oct 2023	02 Feb 2024	109 Days
27 Aboyne Square, Sunderland, Tyne And Wear, SR3 3LQ	£120,000	£120,000	£00	01 Dec 2022	02 Feb 2024	428 Days
10 Brentwood Gardens, Sunderland, Tyne And Wear, SR3 1NE	£295,000	£292,500	-£2,500	29 Jun 2023	31 Jan 2024	216 Days
18 Buckingham, Sunderland, Tyne And Wear, SR3 3DW	£140,000	£140,000	£00	10 Oct 2023	30 Jan 2024	112 Days
40 Treecone Close, Sunderland, Tyne And Wear, SR3 2XG	£135,000	£128,000	-£7,000	23 Oct 2023	30 Jan 2024	99 Days
17 Crossways, Sunderland, Tyne And Wear, SR3 1JT	£159,950	£158,000	-£1,950	08 Sep 2023	26 Jan 2024	140 Days
31 Cranborne, Sunderland, Tyne And Wear, SR3 3SQ	£127,500	£125,000	-£2,500	19 Jan 2024	26 Jan 2024	7 Days

Most Expensive Streets in SR3 (Sunderland)

Postcode	Street	Area	Average	No. of Sales
SR3 1AE	Spire View	Sunderland	£565,000	3
SR3 1UY	Thomas Hawksley Park	Sunderland	£488,990	5
SR3 3NP	Steephill	Sunderland	£470,833	3
SR3 2PG	Silksworth Hall Drive	Sunderland	£436,400	5
SR3 2DD	Leighfield Drive	Sunderland	£412,359	92
SR3 3SW	Elmfield Close	Sunderland	£393,666	3
SR3 2AE	Oak Tree Drive, New Silksworth	Sunderland	£391,666	3
SR3 2PW	The Fold	Sunderland	£373,500	3
SR3 3NF	Bridle Path	Sunderland	£372,500	3
SR3 2PN	Lodgeside Meadow	Sunderland	£371,901	3

Least Expensive Streets in SR3 (Sunderland)

Postcode	Street	Area	Average	No. of Sales
SR3 4EA	Springwell Road	Sunderland	£41,633	3
SR3 3HN	Aydon House, Farringdon	Sunderland	£42,750	3
SR3 1BP	Warwick Terrace	Sunderland	£53,650	4
SR3 3HH	Belsay House, Castle Green	Sunderland	£54,166	3
SR3 2TJ	Aspen Court	Sunderland	£56,237	4
SR3 1BS	Somerset Street	Sunderland	£56,375	4
SR3 2QR	Maltby Close	Sunderland	£57,600	5
SR3 2DZ	Aline Street	Sunderland	£61,000	3
SR3 1BX	Somerset Cottages	Sunderland	£62,187	8
SR3 2RQ	Milrig Close	Sunderland	£63,100	5