2, BANKSIDE CLOSE, RYHOPE, SUNDERLAND, SR2 0AN - £105,000

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

2 BANKSIDE CLOSE is a very small extended detached house of 87m², built sometime between 1996 and 2002. It was last sold for £105,000 in July 2024, which was around 58% below the average July 2024 detached price in the Sunderland local authority area. The most recent EPC inspection was May 2024, where the current energy rating was C, and the potential energy rating was B.

2 BANKSIDE CLOSE Sold Prices

Land registry data shows two sales for 2 BANKSIDE 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 2 BANKSIDE CLOSE 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
2024 31 JUL	£105,000	£252,970	58% below HPI
1997 24 MAR	£74,950	£77,647	3% below HPI

2 BANKSIDE 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 2 BANKSIDE CLOSE sales from March 1997 and July 2024 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 March 1997 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the July 2024 sale, where it falls to 58% below the HPI. The line then continues to track at 58% below the HPI.

How Large is 2 BANKSIDE CLOSE?

2 BANKSIDE CLOSE is 87m², which includes two extensions, according to the EPC inspection conducted in May 2024. 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 2 BANKSIDE CLOSE lies on this distribution: 18% of detached houses are smaller than 2 BANKSIDE CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Sunderland.

2 BANKSIDE CLOSE: Plot and Title Map

2 BANKSIDE CLOSE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 2 BANKSIDE 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 2 BANKSIDE 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 2 BANKSIDE CLOSE?

2 BANKSIDE CLOSE is located in RYHOPE, in the SR2 postcode district. The below map shows the position of No. 2 on BANKSIDE CLOSE.