2, LANARK CLOSE, SUNDERLAND, SR4 8RL - £165,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 LANARK CLOSE is a very small extended detached house of 82m², built sometime between 1996 and 2002, which could now be worth an estimated £241,576. It was last sold for £165,000 in January 2013, which was around 6% below the average January 2013 detached price in the Sunderland local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

2 LANARK CLOSE Sold Prices

Land registry data shows three sales for 2 LANARK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Sunderland local authority area for the corresponding sale date. All of the three 2 LANARK 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
2013 25 JAN	£165,000	£175,618	6% below HPI
2012 28 JUN	£134,000	£178,794	25% below HPI
2005 24 MAY	£175,000	£183,578	5% below HPI

2 LANARK 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 three 2 LANARK CLOSE sales between May 2005 and January 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 June 2012 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the January 2013 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 2 LANARK CLOSE be worth now?

2 LANARK CLOSE might now be worth an estimated £241,576.

This is based on house price inflation of 46.4%, between January 2013 and December 2024, 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 46.4% inflationary increase is applied to the most recent sale price for 2 LANARK CLOSE of £165,000 on 25th January 2013. For the value to have increased from £165,000 to £241,576 over the ten years and one month to December 2024, the following assumptions must hold true:

• The value of 2 LANARK CLOSE has moved in line with the HPI for detached houses in the Sunderland local authority area.
• The January 2013 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LANARK CLOSE has not materially changed since January 2013.

How Large is 2 LANARK CLOSE?

2 LANARK CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in May 2012. 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 LANARK CLOSE lies on this distribution: 14% of detached houses houses are smaller than 2 LANARK CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Sunderland.

2 LANARK CLOSE: Plot and Title Map

2 LANARK CLOSE sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 2 LANARK 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 LANARK 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 LANARK CLOSE?

2 LANARK CLOSE is located in SUNDERLAND, in the SR4 postcode district. The below map shows the position of No. 2 on LANARK CLOSE.