41, STATION CLOSE, RIDING MILL, NE44 6HF - £222,000

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.

41 STATION CLOSE is a very small semi-detached house of 89m², built sometime between 1967 and 1975, which could now be worth an estimated £264,391. It was last sold for £222,000 in February 2022, which was around 35% above the average February 2022 semi-detached price in the Northumberland local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was B.

41 STATION CLOSE Sold Prices

Land registry data shows two sales for 41 STATION CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Northumberland local authority area for the corresponding sale date. Both of the two 41 STATION CLOSE sales 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
2022 18 FEB	£222,000	£163,942	35% above HPI
2008 30 JUL	£227,000	£145,300	56% above HPI

41 STATION CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Northumberland local authority area over time, sourced from the HPI. The two 41 STATION CLOSE sales from July 2008 and February 2022 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 July 2008 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the February 2022 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 41 STATION CLOSE be worth now?

41 STATION CLOSE might now be worth an estimated £264,391.

This is based on house price inflation of 19.1%, between February 2022 and February 2025, for semi-detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.1% inflationary increase is applied to the most recent sale price for 41 STATION CLOSE of £222,000 on 18th February 2022. For the value to have increased from £222,000 to £264,391 over the three years to February 2025, the following assumptions must hold true:

• The value of 41 STATION CLOSE has moved in line with the HPI for semi-detached houses in the Northumberland local authority area.
• The February 2022 sale price of £222,000 represented a fair market value for the property.
• The size, condition, and specification of 41 STATION CLOSE has not materially changed since February 2022.

How Large is 41 STATION CLOSE?

41 STATION CLOSE is 89m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 10% of semi-detached houses houses in Riding Mill, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Riding Mill, and where 41 STATION CLOSE lies on this distribution: 5% of semi-detached houses houses are smaller than 41 STATION CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Riding Mill.

41 STATION CLOSE: Plot and Title Map

41 STATION CLOSE sits on a plot of roughly 0.049 of an acre, or 200m². The below map shows the location of 41 STATION 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 41 STATION 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 41 STATION CLOSE?

41 STATION CLOSE is located in RIDING MILL, in the NE44 postcode district. The below map shows the position of No. 41 on STATION CLOSE.