10, RAILWAY CLOSE, SPRINGWELL VILLAGE, GATESHEAD, NE9 7RG - £330,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

10 RAILWAY CLOSE is a midsized detached house of 114m². It was last sold for £330,000 in August 2022, which was around 30% above the average August 2022 detached price in the Sunderland local authority area. The most recent EPC inspection was August 2014, where the current energy rating was B, and the potential energy rating was A.

10 RAILWAY CLOSE Sold Prices

Land registry data shows two sales for 10 RAILWAY 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 Sunderland local authority area for the corresponding sale date. Both of the two 10 RAILWAY 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
2022 5 AUG	£330,000	£253,185	30% above HPI
2014 24 OCT	£245,995	£192,107	28% above HPI

10 RAILWAY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sunderland local authority area over time, sourced from the HPI. The two 10 RAILWAY CLOSE sales from October 2014 and August 2022 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 October 2014 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the August 2022 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 10 RAILWAY CLOSE?

10 RAILWAY CLOSE is 114m² according to the EPC inspection conducted in August 2014. This puts it in the largest 50% of detached houses in Springwell, based on EPC data. The below chart shows the distribution of detached houses by size in Springwell, and where 10 RAILWAY CLOSE lies on this distribution: 44% of detached houses are smaller than 10 RAILWAY CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Springwell.

10 RAILWAY CLOSE: Plot and Title Map

10 RAILWAY CLOSE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 10 RAILWAY 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 10 RAILWAY 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 10 RAILWAY CLOSE?

10 RAILWAY CLOSE is located in SPRINGWELL VILLAGE, in the NE9 postcode district. The below map shows the position of No. 10 on RAILWAY CLOSE.