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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

10 RAILWAY CLOSE is a midsized detached house of 114m², which could now be worth an estimated £359,310. It was last sold for £330,000 in August 2022, which was around 38% 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	£239,659	38% above HPI
2014 24 OCT	£245,995	£181,844	35% 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 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the August 2022 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 10 RAILWAY CLOSE be worth now?

10 RAILWAY CLOSE might now be worth an estimated £359,310.

This is based on house price inflation of 8.9%, between August 2022 and February 2025, for detached houses, in the Sunderland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.9% inflationary increase is applied to the most recent sale price for 10 RAILWAY CLOSE of £330,000 on 5th August 2022. For the value to have increased from £330,000 to £359,310 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 10 RAILWAY CLOSE has moved in line with the HPI for detached houses in the Sunderland local authority area.
• The August 2022 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 10 RAILWAY CLOSE has not materially changed since August 2022.

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 houses in Springwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Springwell, and where 10 RAILWAY CLOSE lies on this distribution: 45% of detached houses 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.