8, RAILWAY CLOSE, SPRINGWELL VILLAGE, GATESHEAD, NE9 7RG - £300,000

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

8 RAILWAY CLOSE is a midsized detached house of 114m². It was last sold for £300,000 in January 2023, which was around 18% above the average January 2023 detached price in the Sunderland local authority area. The most recent EPC inspection was August 2014, where the current energy rating was B, and the potential energy rating was A.

8 RAILWAY CLOSE Sold Prices

Land registry data shows two sales for 8 RAILWAY 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 Sunderland local authority area for the corresponding sale date. Both of the two 8 RAILWAY 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
2023 16 JAN	£300,000	£254,888	18% above HPI
2015 23 JAN	£225,755	£189,768	19% above HPI

8 RAILWAY CLOSE 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 RAILWAY CLOSE sales from January 2015 and January 2023 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 January 2015 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the January 2023 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 8 RAILWAY CLOSE?

8 RAILWAY CLOSE is 114m² according to the EPC inspection conducted in August 2014. This puts it in the largest 50% of detached houses in Springwell, based on EPC data. The below chart shows the distribution of detached houses by size in Springwell, and where 8 RAILWAY CLOSE lies on this distribution: 44% of detached houses are smaller than 8 RAILWAY CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Springwell.

8 RAILWAY CLOSE: Plot and Title Map

8 RAILWAY CLOSE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 8 RAILWAY 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 RAILWAY 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 RAILWAY CLOSE?

8 RAILWAY CLOSE is located in SPRINGWELL VILLAGE, in the NE9 postcode district. The below map shows the position of No. 8 on RAILWAY CLOSE.