31, ORKNEY DRIVE, RYHOPE, SUNDERLAND, SR2 0TE - £195,000

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.

31 ORKNEY DRIVE is a very small extended semi-detached house of 78m², built sometime between 1976 and 1982, which could now be worth an estimated £215,640. It was last sold for £195,000 in August 2022, which was around 39% above the average August 2022 semi-detached price in the Sunderland local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

31 ORKNEY DRIVE Sold Prices

Land registry data shows four sales for 31 ORKNEY DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Sunderland local authority area for the corresponding sale date. Most of the four 31 ORKNEY 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
2022 23 AUG	£195,000	£140,687	39% above HPI
2018 30 OCT	£153,000	£117,428	30% above HPI
2016 6 MAY	£144,950	£109,739	32% above HPI
2015 20 FEB	£92,000	£105,619	13% below HPI

31 ORKNEY DRIVE 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 four 31 ORKNEY DRIVE sales between February 2015 and August 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 October 2018 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the August 2022 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 31 ORKNEY DRIVE be worth now?

31 ORKNEY DRIVE might now be worth an estimated £215,640.

This is based on house price inflation of 10.6%, between August 2022 and April 2026, 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 10.6% inflationary increase is applied to the most recent sale price for 31 ORKNEY DRIVE of £195,000 on 23rd August 2022. For the value to have increased from £195,000 to £215,640 over the four years and four months to April 2026, the following assumptions must hold true:

• The value of 31 ORKNEY DRIVE has moved in line with the HPI for semi-detached houses in the Sunderland local authority area.
• The August 2022 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 31 ORKNEY DRIVE has not materially changed since August 2022.

How Large is 31 ORKNEY DRIVE?

31 ORKNEY DRIVE is 78m², which includes one extension, according to the EPC inspection conducted in July 2014. 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 31 ORKNEY DRIVE lies on this distribution: 11% of semi-detached houses houses are smaller than 31 ORKNEY DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Sunderland.

31 ORKNEY DRIVE: Plot and Title Map

31 ORKNEY DRIVE sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 31 ORKNEY 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 31 ORKNEY 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 31 ORKNEY DRIVE?

31 ORKNEY DRIVE is located in RYHOPE, in the SR2 postcode district. The below map shows the position of No. 31 on ORKNEY DRIVE.