16, SPA WELL DRIVE, SUNDERLAND, SR5 5TS - £159,950

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

16 SPA WELL DRIVE is a very small detached house of 81m², built sometime between 1976 and 1982. It was last sold for £159,950 in September 2013, which was around 16% below the average September 2013 detached price in the Sunderland local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

16 SPA WELL DRIVE Sold Prices

Land registry data shows two sales for 16 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 16 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
2013 27 SEP	£159,950	£190,998	16% below HPI
2004 23 APR	£122,500	£160,275	24% below HPI

16 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 16 SPA WELL DRIVE sales from April 2004 and September 2013 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 April 2004 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2013 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 16 SPA WELL DRIVE?

16 SPA WELL DRIVE is 81m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 20% of detached houses in Sunderland, based on EPC data. The below chart shows the distribution of detached houses by size in Sunderland, and where 16 SPA WELL DRIVE lies on this distribution: 13% of detached houses are smaller than 16 SPA WELL DRIVE, and 86% of houses are larger. Note that EPC data is not available for all properties in Sunderland.

16 SPA WELL DRIVE: Plot and Title Map

16 SPA WELL DRIVE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 16 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 16 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 16 SPA WELL DRIVE?

16 SPA WELL DRIVE is located in SUNDERLAND, in the SR5 postcode district. The below map shows the position of No. 16 on SPA WELL DRIVE.