48, MARKINGTON DRIVE, RYHOPE, SUNDERLAND, SR2 0LB - £175,000

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.

48 MARKINGTON DRIVE is a very small extended semi-detached house of 86m², built sometime between 1996 and 2002, which could now be worth an estimated £248,013. It was last sold for £175,000 in February 2018, which was around 59% above the average February 2018 semi-detached price in the Sunderland local authority area. The most recent EPC inspection was June 2010, where the current energy rating was C, and the potential energy rating was C.

48 MARKINGTON DRIVE Sold Prices

Land registry data shows four sales for 48 MARKINGTON 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. All of the four 48 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
2018 9 FEB	£175,000	£110,243	59% above HPI
2010 12 NOV	£153,000	£107,517	42% above HPI
2002 23 AUG	£103,050	£58,807	75% above HPI
1999 21 MAY	£68,950	£43,094	60% above HPI

48 MARKINGTON 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 48 MARKINGTON DRIVE sales between May 1999 and February 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 November 2010 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the February 2018 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

What might 48 MARKINGTON DRIVE be worth now?

48 MARKINGTON DRIVE might now be worth an estimated £248,013.

This is based on house price inflation of 41.7%, between February 2018 and May 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 41.7% inflationary increase is applied to the most recent sale price for 48 MARKINGTON DRIVE of £175,000 on 9th February 2018. For the value to have increased from £175,000 to £248,013 over the seven years and nine months to May 2026, the following assumptions must hold true:

• The value of 48 MARKINGTON DRIVE has moved in line with the HPI for semi-detached houses in the Sunderland local authority area.
• The February 2018 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 48 MARKINGTON DRIVE has not materially changed since February 2018.

How Large is 48 MARKINGTON DRIVE?

48 MARKINGTON DRIVE is 86m², which includes one extension, according to the EPC inspection conducted in June 2010. 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 48 MARKINGTON DRIVE lies on this distribution: 16% of semi-detached houses houses are smaller than 48 MARKINGTON DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Sunderland.

48 MARKINGTON DRIVE: Plot and Title Map

48 MARKINGTON DRIVE sits on a plot of roughly 0.045 of an acre, or 184m². The below map shows the location of 48 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 48 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 48 MARKINGTON DRIVE?

48 MARKINGTON DRIVE is located in RYHOPE, in the SR2 postcode district. The below map shows the position of No. 48 on MARKINGTON DRIVE.