7, STATION CLOSE, RIDING MILL, NE44 6HE - £225,000

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

7 STATION CLOSE is a very small extended detached house of 102m², built sometime between 1967 and 1975. It was last sold for £225,000 in June 2018, which was around 13% below the average June 2018 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was D.

7 STATION CLOSE Sold Prices

Land registry data shows three sales for 7 STATION 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 Northumberland local authority area for the corresponding sale date. Two of the three 7 STATION CLOSE sales were for below the average price, whilst one 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
2018 29 JUN	£225,000	£258,754	13% below HPI
2014 3 NOV	£157,500	£236,823	33% below HPI
2001 10 DEC	£120,000	£116,335	3% above HPI

7 STATION CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Northumberland local authority area over time, sourced from the HPI. The three 7 STATION CLOSE sales between December 2001 and June 2018 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 2014 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the June 2018 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 7 STATION CLOSE?

7 STATION CLOSE is 102m², which includes one extension, according to the EPC inspection conducted in October 2011. This puts it in the smallest 20% of detached houses in Riding Mill, based on EPC data. The below chart shows the distribution of detached houses by size in Riding Mill, and where 7 STATION CLOSE lies on this distribution: 10% of detached houses are smaller than 7 STATION CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Riding Mill.

7 STATION CLOSE: Plot and Title Map

7 STATION CLOSE sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 7 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 7 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 7 STATION CLOSE?

7 STATION CLOSE is located in RIDING MILL, in the NE44 postcode district. The below map shows the position of No. 7 on STATION CLOSE.