62, REDLANDS, HOUGHTON LE SPRING, DH4 7LF - £175,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

62 REDLANDS is a small extended detached house of 101m², built sometime between 1976 and 1982. It was last sold for £175,000 in April 2024, which was around 29% below the average April 2024 detached price in the Sunderland local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was C.

62 REDLANDS Sold Prices

Land registry data shows four sales for 62 REDLANDS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Sunderland local authority area for the corresponding sale date. All of the four 62 REDLANDS 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
2024 26 APR	£175,000	£246,622	29% below HPI
2015 29 MAY	£139,995	£191,931	27% below HPI
2015 9 APR	£155,000	£193,561	20% below HPI
2007 20 AUG	£153,000	£217,017	29% below HPI

62 REDLANDS 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 four 62 REDLANDS sales between August 2007 and April 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 May 2015 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the April 2024 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 62 REDLANDS?

62 REDLANDS is 101m², which includes two extensions, according to the EPC inspection conducted in January 2015. This puts it in the smallest 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 62 REDLANDS lies on this distribution: 39% of detached houses are smaller than 62 REDLANDS, and 60% of houses are larger. Note that EPC data is not available for all properties in Penshaw.

62 REDLANDS: Plot and Title Map

62 REDLANDS sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 62 REDLANDS, 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 62 REDLANDS). 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 62 REDLANDS?

62 REDLANDS is located in HOUGHTON LE SPRING, in the DH4 postcode district. The below map shows the position of No. 62 on REDLANDS.