14, GREENWOOD CLOSE, WASHINGTON, NE38 8LR - £312,000

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.

14 GREENWOOD CLOSE is a very large extended detached house of 171m², built sometime from 2007 onwards, which could now be worth an estimated £382,319. It was last sold for £312,000 in February 2021, which was around 47% above the average February 2021 detached price in the Sunderland local authority area. The most recent EPC inspection was January 2016, where the current energy rating was C, and the potential energy rating was B.

14 GREENWOOD CLOSE Sold Prices

Land registry data shows two sales for 14 GREENWOOD 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 14 GREENWOOD 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
2021 5 FEB	£312,000	£212,950	47% above HPI
2002 18 OCT	£176,000	£115,060	53% above HPI

14 GREENWOOD 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 14 GREENWOOD CLOSE sales from October 2002 and February 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 October 2002 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the February 2021 sale, where it falls to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might 14 GREENWOOD CLOSE be worth now?

14 GREENWOOD CLOSE might now be worth an estimated £382,319.

This is based on house price inflation of 22.5%, between February 2021 and February 2025, for 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 22.5% inflationary increase is applied to the most recent sale price for 14 GREENWOOD CLOSE of £312,000 on 5th February 2021. For the value to have increased from £312,000 to £382,319 over the four years to February 2025, the following assumptions must hold true:

• The value of 14 GREENWOOD CLOSE has moved in line with the HPI for detached houses in the Sunderland local authority area.
• The February 2021 sale price of £312,000 represented a fair market value for the property.
• The size, condition, and specification of 14 GREENWOOD CLOSE has not materially changed since February 2021.

How Large is 14 GREENWOOD CLOSE?

14 GREENWOOD CLOSE is 171m², which includes four extensions, according to the EPC inspection conducted in January 2016. This puts it in the largest 20% of detached houses houses in Washington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Washington, and where 14 GREENWOOD CLOSE lies on this distribution: 84% of detached houses houses are smaller than 14 GREENWOOD CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Washington.

14 GREENWOOD CLOSE: Plot and Title Map

14 GREENWOOD CLOSE sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 14 GREENWOOD 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 14 GREENWOOD 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 14 GREENWOOD CLOSE?

14 GREENWOOD CLOSE is located in WASHINGTON, in the NE38 postcode district. The below map shows the position of No. 14 on GREENWOOD CLOSE.