12, CROSS RIGG CLOSE, PENSHAW, HOUGHTON LE SPRING, DH4 7SP - £280,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

12 CROSS RIGG CLOSE is a large detached house of 126m², built sometime between 2003 and 2006. It was last sold for £280,000 in October 2019, which was around 33% above the average October 2019 detached price in the Sunderland local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

12 CROSS RIGG CLOSE Sold Prices

Land registry data shows three sales for 12 CROSS RIGG CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Sunderland local authority area for the corresponding sale date. All of the three 12 CROSS RIGG 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
2019 15 OCT	£280,000	£210,949	33% above HPI
2004 3 SEP	£265,000	£186,188	42% above HPI
1998 18 DEC	£122,000	£83,473	46% above HPI

12 CROSS RIGG 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 three 12 CROSS RIGG CLOSE sales between December 1998 and October 2019 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 September 2004 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the October 2019 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is 12 CROSS RIGG CLOSE?

12 CROSS RIGG CLOSE is 126m² according to the EPC inspection conducted in July 2019. This puts it in the largest 40% of detached houses in Penshaw, based on EPC data. The below chart shows the distribution of detached houses by size in Penshaw, and where 12 CROSS RIGG CLOSE lies on this distribution: 66% of detached houses are smaller than 12 CROSS RIGG CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Penshaw.

12 CROSS RIGG CLOSE: Plot and Title Map

12 CROSS RIGG CLOSE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 12 CROSS RIGG 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 12 CROSS RIGG 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 12 CROSS RIGG CLOSE?

12 CROSS RIGG CLOSE is located in PENSHAW, in the DH4 postcode district. The below map shows the position of No. 12 on CROSS RIGG CLOSE.