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

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.

2 BANKSIDE CLOSE is a very small extended detached house of 87m², built sometime between 1996 and 2002, which could now be worth an estimated £117,195. It was last sold for £105,000 in July 2024, which was around 55% 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. One of the two 2 BANKSIDE CLOSE sales was for below the average price, whilst the other was 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
2024 31 JUL	£105,000	£233,792	55% below HPI
1997 24 MAR	£74,950	£73,499	2% above 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 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the July 2024 sale, where it falls to 55% below the HPI. The line then continues to track at 55% below the HPI.

What might 2 BANKSIDE CLOSE be worth now?

2 BANKSIDE CLOSE might now be worth an estimated £117,195.

This is based on house price inflation of 11.6%, between July 2024 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 11.6% inflationary increase is applied to the most recent sale price for 2 BANKSIDE CLOSE of £105,000 on 31st July 2024. For the value to have increased from £105,000 to £117,195 over the one year and five months to February 2025, the following assumptions must hold true:

• The value of 2 BANKSIDE CLOSE has moved in line with the HPI for detached houses in the Sunderland local authority area.
• The July 2024 sale price of £105,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BANKSIDE CLOSE has not materially changed since July 2024.

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 houses in Sunderland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sunderland, and where 2 BANKSIDE CLOSE lies on this distribution: 18% of detached houses 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.