7, CROSS RIGG CLOSE, PENSHAW, HOUGHTON LE SPRING, DH4 7SP - £220,000

7 CROSS RIGG CLOSE is a large detached house of 128m², built sometime between 1991 and 1995. It was last sold for £220,000 in May 2011, which was around 11% above the average May 2011 detached price in the Sunderland local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was C.

7 CROSS RIGG CLOSE Sold Prices

Land registry data shows two sales for 7 CROSS RIGG 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 7 CROSS RIGG 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
2011 27 MAY	£220,000	£198,492	11% above HPI
1999 25 FEB	£123,000	£82,072	50% above HPI

7 CROSS RIGG 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 7 CROSS RIGG CLOSE sales from February 1999 and May 2011 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 February 1999 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the May 2011 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 7 CROSS RIGG CLOSE?

7 CROSS RIGG CLOSE is 128m² according to the EPC inspection conducted in November 2013. This puts it in the largest 40% of detached houses in Penshaw, based on EPC data. The below chart shows the distribution of detached houses by size in Penshaw, and where 7 CROSS RIGG CLOSE lies on this distribution: 69% of detached houses are smaller than 7 CROSS RIGG CLOSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Penshaw.

7 CROSS RIGG CLOSE: Plot and Title Map

7 CROSS RIGG CLOSE sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of 7 CROSS RIGG 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 7 CROSS RIGG 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 7 CROSS RIGG CLOSE?

7 CROSS RIGG CLOSE is located in PENSHAW, in the DH4 postcode district. The below map shows the position of No. 7 on CROSS RIGG CLOSE.