8, PADDOCK CLOSE, CLEADON, SUNDERLAND, SR6 7RN - £322,500

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 PADDOCK CLOSE is a very large extended detached house of 254m², built sometime between 1950 and 1966, which could now be worth an estimated £451,221. It was last sold for £322,500 in December 2015, which was around 44% above the average December 2015 detached price in the South Tyneside local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was C.

8 PADDOCK CLOSE Sold Prices

Land registry data shows two sales for 8 PADDOCK CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Tyneside local authority area for the corresponding sale date. Both of the two 8 PADDOCK 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
2015 18 DEC	£322,500	£223,409	44% above HPI
2002 27 JUN	£240,000	£125,473	91% above HPI

8 PADDOCK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Tyneside local authority area over time, sourced from the HPI. The two 8 PADDOCK CLOSE sales from June 2002 and December 2015 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 June 2002 sale was for 91% above the HPI. So the extrapolation line tracks at 91% above the HPI over time, until the December 2015 sale, where it falls to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might 8 PADDOCK CLOSE be worth now?

8 PADDOCK CLOSE might now be worth an estimated £451,221.

This is based on house price inflation of 39.9%, between December 2015 and March 2025, for detached houses, in the South Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.9% inflationary increase is applied to the most recent sale price for 8 PADDOCK CLOSE of £322,500 on 18th December 2015. For the value to have increased from £322,500 to £451,221 over the ten years and nine months to March 2025, the following assumptions must hold true:

• The value of 8 PADDOCK CLOSE has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The December 2015 sale price of £322,500 represented a fair market value for the property.
• The size, condition, and specification of 8 PADDOCK CLOSE has not materially changed since December 2015.

How Large is 8 PADDOCK CLOSE?

8 PADDOCK CLOSE is 254m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the largest 20% of detached houses houses in Cleadon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cleadon, and where 8 PADDOCK CLOSE lies on this distribution: 86% of detached houses houses are smaller than 8 PADDOCK CLOSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Cleadon.

8 PADDOCK CLOSE: Plot and Title Map

8 PADDOCK CLOSE sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 8 PADDOCK 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 8 PADDOCK 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 8 PADDOCK CLOSE?

8 PADDOCK CLOSE is located in CLEADON, in the SR6 postcode district. The below map shows the position of No. 8 on PADDOCK CLOSE.