1, MILL BANK, SUNDERLAND, SR5 1QN - £178,450

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.

1 MILL BANK is a very small extended semi-detached house of 81m², built sometime between 1930 and 1949, which could now be worth an estimated £237,635. It was last sold for £178,450 in December 2018, which was around 57% above the average December 2018 semi-detached price in the Sunderland local authority area. The most recent EPC inspection was July 2017, where the current energy rating was E, and the potential energy rating was C.

1 MILL BANK Sold Prices

Land registry data shows two sales for 1 MILL BANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Sunderland local authority area for the corresponding sale date. Both of the two 1 MILL BANK 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
2018 14 DEC	£178,450	£113,704	57% above HPI
2017 13 OCT	£138,000	£113,813	21% above HPI

1 MILL BANK Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Sunderland local authority area over time, sourced from the HPI. The two 1 MILL BANK sales from October 2017 and December 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 October 2017 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the December 2018 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might 1 MILL BANK be worth now?

1 MILL BANK might now be worth an estimated £237,635.

This is based on house price inflation of 33.2%, between December 2018 and February 2025, for semi-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 33.2% inflationary increase is applied to the most recent sale price for 1 MILL BANK of £178,450 on 14th December 2018. For the value to have increased from £178,450 to £237,635 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of 1 MILL BANK has moved in line with the HPI for semi-detached houses in the Sunderland local authority area.
• The December 2018 sale price of £178,450 represented a fair market value for the property.
• The size, condition, and specification of 1 MILL BANK has not materially changed since December 2018.

How Large is 1 MILL BANK?

1 MILL BANK is 81m², which includes one extension, according to the EPC inspection conducted in July 2017. This puts it in the smallest 20% of semi-detached houses houses in Sunderland, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Sunderland, and where 1 MILL BANK lies on this distribution: 13% of semi-detached houses houses are smaller than 1 MILL BANK, and 87% of houses are larger. Note that EPC data is not available for all properties in Sunderland.

1 MILL BANK: Plot and Title Map

1 MILL BANK sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 1 MILL BANK, 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 1 MILL BANK). 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 1 MILL BANK?

1 MILL BANK is located in SUNDERLAND, in the SR5 postcode district. The below map shows the position of No. 1 on MILL BANK.