2, CROSS RIGG CLOSE, PENSHAW, HOUGHTON LE SPRING, DH4 7SP - £205,000

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

2 CROSS RIGG CLOSE is a large extended detached house of 123m², built sometime between 1996 and 2002. It was last sold for £205,000 in August 2007, which was around 6% below the average August 2007 detached price in the Sunderland local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was B.

2 CROSS RIGG CLOSE Sold Prices

Land registry data shows two sales for 2 CROSS RIGG 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 CROSS RIGG 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
2007 24 AUG	£205,000	£217,017	6% below HPI
1998 17 APR	£83,950	£80,824	4% above HPI

2 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 two 2 CROSS RIGG CLOSE sales from April 1998 and August 2007 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 1998 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the August 2007 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 2 CROSS RIGG CLOSE?

2 CROSS RIGG CLOSE is 123m², which includes one extension, according to the EPC inspection conducted in December 2013. 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 2 CROSS RIGG CLOSE lies on this distribution: 63% of detached houses are smaller than 2 CROSS RIGG CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Penshaw.

2 CROSS RIGG CLOSE: Plot and Title Map

2 CROSS RIGG CLOSE sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 2 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 2 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 2 CROSS RIGG CLOSE?

2 CROSS RIGG CLOSE is located in PENSHAW, in the DH4 postcode district. The below map shows the position of No. 2 on CROSS RIGG CLOSE.