24, BANKSIDE CLOSE, RYHOPE, SUNDERLAND, SR2 0AN - £183,000

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.

24 BANKSIDE CLOSE is a midsized extended detached house of 103m², built sometime between 1996 and 2002, which could now be worth an estimated £251,933. It was last sold for £183,000 in August 2005, which was around 3% below the average August 2005 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.

24 BANKSIDE CLOSE Sold Prices

Land registry data shows three sales for 24 BANKSIDE 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. One of the three 24 BANKSIDE CLOSE sales was for below the average price, whilst two were 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
2005 12 AUG	£183,000	£189,546	3% below HPI
2002 29 NOV	£145,000	£115,960	25% above HPI
1998 15 JUN	£90,950	£78,447	16% above HPI

24 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 three 24 BANKSIDE CLOSE sales between June 1998 and August 2005 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 November 2002 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the August 2005 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 24 BANKSIDE CLOSE be worth now?

24 BANKSIDE CLOSE might now be worth an estimated £251,933.

This is based on house price inflation of 37.7%, between August 2005 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 37.7% inflationary increase is applied to the most recent sale price for 24 BANKSIDE CLOSE of £183,000 on 12th August 2005. For the value to have increased from £183,000 to £251,933 over the twenty years and six months to February 2025, the following assumptions must hold true:

• The value of 24 BANKSIDE CLOSE has moved in line with the HPI for detached houses in the Sunderland local authority area.
• The August 2005 sale price of £183,000 represented a fair market value for the property.
• The size, condition, and specification of 24 BANKSIDE CLOSE has not materially changed since August 2005.

How Large is 24 BANKSIDE CLOSE?

24 BANKSIDE CLOSE is 103m², which includes one extension, according to the EPC inspection conducted in December 2013. This puts it in the smallest 50% 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 24 BANKSIDE CLOSE lies on this distribution: 41% of detached houses houses are smaller than 24 BANKSIDE CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Sunderland.

24 BANKSIDE CLOSE: Plot and Title Map

24 BANKSIDE CLOSE sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 24 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 24 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 24 BANKSIDE CLOSE?

24 BANKSIDE CLOSE is located in RYHOPE, in the SR2 postcode district. The below map shows the position of No. 24 on BANKSIDE CLOSE.