12, SPA WELL DRIVE, SUNDERLAND, SR5 5TS - £173,000

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

12 SPA WELL DRIVE is a midsized extended detached house of 103m², built sometime between 1976 and 1982. It was last sold for £173,000 in June 2022, which was around 31% below the average June 2022 detached price in the Sunderland local authority area. The most recent EPC inspection was September 2014, where the current energy rating was F, and the potential energy rating was B.

12 SPA WELL DRIVE Sold Prices

Land registry data shows two sales for 12 SPA WELL DRIVE 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 12 SPA WELL DRIVE sales were for below 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 29 JUN	£173,000	£249,001	31% below HPI
2003 30 MAY	£98,000	£138,930	29% below HPI

12 SPA WELL DRIVE 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 12 SPA WELL DRIVE sales from May 2003 and June 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 May 2003 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the June 2022 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 12 SPA WELL DRIVE?

12 SPA WELL DRIVE is 103m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the smallest 50% of detached houses in Sunderland, based on EPC data. The below chart shows the distribution of detached houses by size in Sunderland, and where 12 SPA WELL DRIVE lies on this distribution: 42% of detached houses are smaller than 12 SPA WELL DRIVE, and 58% of houses are larger. Note that EPC data is not available for all properties in Sunderland.

12 SPA WELL DRIVE: Plot and Title Map

12 SPA WELL DRIVE sits on a plot of roughly 0.048 of an acre, or 193m². The below map shows the location of 12 SPA WELL DRIVE, 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 SPA WELL DRIVE). 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 SPA WELL DRIVE?

12 SPA WELL DRIVE is located in SUNDERLAND, in the SR5 postcode district. The below map shows the position of No. 12 on SPA WELL DRIVE.