8, MARKINGTON DRIVE, RYHOPE, SUNDERLAND, SR2 0LB - £150,000

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.

8 MARKINGTON DRIVE is a small detached house of 101m², built sometime between 1991 and 1995, which could now be worth an estimated £167,936. It was last sold for £150,000 in February 2022, which was around 36% below the average February 2022 detached price in the Sunderland local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was C.

8 MARKINGTON DRIVE Sold Prices

Land registry data shows two sales for 8 MARKINGTON DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Sunderland local authority area for the corresponding sale date. Both of the two 8 MARKINGTON DRIVE 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
2022 11 FEB	£150,000	£233,075	36% below HPI
2011 5 SEP	£135,000	£183,579	26% below HPI

8 MARKINGTON DRIVE 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 two 8 MARKINGTON DRIVE sales from September 2011 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 September 2011 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2022 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 8 MARKINGTON DRIVE be worth now?

8 MARKINGTON DRIVE might now be worth an estimated £167,936.

This is based on house price inflation of 12%, between February 2022 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 12% inflationary increase is applied to the most recent sale price for 8 MARKINGTON DRIVE of £150,000 on 11th February 2022. For the value to have increased from £150,000 to £167,936 over the three years to February 2025, the following assumptions must hold true:

• The value of 8 MARKINGTON DRIVE has moved in line with the HPI for detached houses in the Sunderland local authority area.
• The February 2022 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MARKINGTON DRIVE has not materially changed since February 2022.

How Large is 8 MARKINGTON DRIVE?

8 MARKINGTON DRIVE is 101m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 40% 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 8 MARKINGTON DRIVE lies on this distribution: 38% of detached houses houses are smaller than 8 MARKINGTON DRIVE, and 61% of houses are larger. Note that EPC data is not available for all properties in Sunderland.

8 MARKINGTON DRIVE: Plot and Title Map

8 MARKINGTON DRIVE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 8 MARKINGTON DRIVE, 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 8 MARKINGTON DRIVE). 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 8 MARKINGTON DRIVE?

8 MARKINGTON DRIVE is located in RYHOPE, in the SR2 postcode district. The below map shows the position of No. 8 on MARKINGTON DRIVE.