18, THE CHASE, WASHINGTON, NE38 9DX - £255,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

18 THE CHASE is a very large detached house of 165m², built sometime between 1976 and 1982, which could now be worth an estimated £358,297. It was last sold for £255,000 in May 2014, which was around 39% above the average May 2014 detached price in the Sunderland local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was C.

18 THE CHASE Sold Prices

Land registry data shows two sales for 18 THE CHASE 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 18 THE CHASE 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
2014 16 MAY	£255,000	£182,994	39% above HPI
1998 15 JUN	£100,000	£78,447	27% above HPI

18 THE CHASE 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 18 THE CHASE sales from June 1998 and May 2014 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 June 1998 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the May 2014 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 18 THE CHASE be worth now?

18 THE CHASE might now be worth an estimated £358,297.

This is based on house price inflation of 40.5%, between May 2014 and December 2024, 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 40.5% inflationary increase is applied to the most recent sale price for 18 THE CHASE of £255,000 on 16th May 2014. For the value to have increased from £255,000 to £358,297 over the nine years and five months to December 2024, the following assumptions must hold true:

• The value of 18 THE CHASE has moved in line with the HPI for detached houses in the Sunderland local authority area.
• The May 2014 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 18 THE CHASE has not materially changed since May 2014.

How Large is 18 THE CHASE?

18 THE CHASE is 165m² according to the EPC inspection conducted in July 2014. 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 18 THE CHASE lies on this distribution: 82% of detached houses houses are smaller than 18 THE CHASE, and 17% of houses are larger. Note that EPC data is not available for all properties in Washington.

18 THE CHASE: Plot and Title Map

18 THE CHASE sits on a plot of roughly 0.108 of an acre, or 436m². The below map shows the location of 18 THE CHASE, 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 18 THE CHASE). 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 18 THE CHASE?

18 THE CHASE is located in WASHINGTON, in the NE38 postcode district. The below map shows the position of No. 18 on THE CHASE.