24, MARKINGTON DRIVE, RYHOPE, SUNDERLAND, SR2 0LB - £155,000

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.

24 MARKINGTON DRIVE is a very small extended terraced house of 74m², built sometime between 1983 and 1990, which could now be worth an estimated £179,705. It was last sold for £155,000 in September 2021, which was around 42% above the average September 2021 terraced price in the Sunderland local authority area. The most recent EPC inspection was December 2016, where the current energy rating was D, and the potential energy rating was B.

24 MARKINGTON DRIVE Sold Prices

Land registry data shows three sales for 24 MARKINGTON DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Sunderland local authority area for the corresponding sale date. All of the three 24 MARKINGTON DRIVE 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
2021 22 SEP	£155,000	£108,986	42% above HPI
2005 1 SEP	£119,000	£93,639	27% above HPI
1998 24 JUL	£51,950	£33,369	56% above HPI

24 MARKINGTON DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Sunderland local authority area over time, sourced from the HPI. The three 24 MARKINGTON DRIVE sales between July 1998 and September 2021 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 2005 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the September 2021 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might 24 MARKINGTON DRIVE be worth now?

24 MARKINGTON DRIVE might now be worth an estimated £179,705.

This is based on house price inflation of 15.9%, between September 2021 and May 2026, for terraced 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 15.9% inflationary increase is applied to the most recent sale price for 24 MARKINGTON DRIVE of £155,000 on 22nd September 2021. For the value to have increased from £155,000 to £179,705 over the five years and four months to May 2026, the following assumptions must hold true:

• The value of 24 MARKINGTON DRIVE has moved in line with the HPI for terraced houses in the Sunderland local authority area.
• The September 2021 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MARKINGTON DRIVE has not materially changed since September 2021.

How Large is 24 MARKINGTON DRIVE?

24 MARKINGTON DRIVE is 74m², which includes one extension, according to the EPC inspection conducted in December 2016. This puts it in the smallest 10% of terraced houses houses in Sunderland, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Sunderland, and where 24 MARKINGTON DRIVE lies on this distribution: 7% of terraced houses houses are smaller than 24 MARKINGTON DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Sunderland.

24 MARKINGTON DRIVE: Plot and Title Map

24 MARKINGTON DRIVE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 24 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 24 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 24 MARKINGTON DRIVE?

24 MARKINGTON DRIVE is located in RYHOPE, in the SR2 postcode district. The below map shows the position of No. 24 on MARKINGTON DRIVE.