18, THE CLOSE, CLEADON, SUNDERLAND, SR6 7RG - £490,000

18 THE CLOSE is a large extended detached house of 180m², built sometime between 1983 and 1990. It was last sold for £490,000 in May 2016, which was around 123% above the average May 2016 detached price in the South Tyneside local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was C.

18 THE CLOSE Sold Prices

Land registry data shows two sales for 18 THE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Tyneside local authority area for the corresponding sale date. Both of the two 18 THE CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2016 25 MAY	£490,000	£220,128	123% above HPI
2002 20 DEC	£249,950	£135,163	85% above HPI

18 THE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Tyneside local authority area over time, sourced from the HPI. The two 18 THE CLOSE sales from December 2002 and May 2016 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 2002 sale was for 85% above the HPI. So the extrapolation line tracks at 85% above the HPI over time, until the May 2016 sale, where it rises to 123% above the HPI. The line then continues to track at 123% above the HPI.

How Large is 18 THE CLOSE?

18 THE CLOSE is 180m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the largest 40% of detached houses in Cleadon, based on EPC data. The below chart shows the distribution of detached houses by size in Cleadon, and where 18 THE CLOSE lies on this distribution: 70% of detached houses are smaller than 18 THE CLOSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Cleadon.

18 THE CLOSE: Plot and Title Map

18 THE CLOSE sits on a plot of roughly 0.120 of an acre, or 487m². The below map shows the location of 18 THE CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 18 THE CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 18 THE CLOSE?

18 THE CLOSE is located in CLEADON, in the SR6 postcode district. The below map shows the position of No. 18 on THE CLOSE.