2, OVINGHAM CLOSE, WASHINGTON, NE38 8NP - £220,000

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

2 OVINGHAM CLOSE is a very small detached house of 90m², built sometime between 1991 and 1995. It was last sold for £220,000 in July 2018, which was around 12% above the average July 2018 detached price in the Sunderland local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

2 OVINGHAM CLOSE Sold Prices

Land registry data shows three sales for 2 OVINGHAM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Sunderland local authority area for the corresponding sale date. All of the three 2 OVINGHAM 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
2018 26 JUL	£220,000	£197,212	12% above HPI
2001 3 DEC	£115,000	£96,352	19% above HPI
1996 5 JUL	£79,000	£71,821	10% above HPI

2 OVINGHAM 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 three 2 OVINGHAM CLOSE sales between July 1996 and July 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 December 2001 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the July 2018 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 2 OVINGHAM CLOSE be worth now?

2 OVINGHAM CLOSE might now be worth an estimated £286,833.

This is based on house price inflation of 30.4%, between July 2018 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 30.4% inflationary increase is applied to the most recent sale price for 2 OVINGHAM CLOSE of £220,000 on 26th July 2018. For the value to have increased from £220,000 to £286,833 over the five years and seven months to December 2024, the following assumptions must hold true:

• The value of 2 OVINGHAM CLOSE has moved in line with the HPI for detached houses in the Sunderland local authority area.
• The July 2018 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OVINGHAM CLOSE has not materially changed since July 2018.

How Large is 2 OVINGHAM CLOSE?

2 OVINGHAM CLOSE is 90m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 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 2 OVINGHAM CLOSE lies on this distribution: 19% of detached houses houses are smaller than 2 OVINGHAM CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Washington.

2 OVINGHAM CLOSE: Plot and Title Map

2 OVINGHAM CLOSE sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 2 OVINGHAM 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 2 OVINGHAM 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 2 OVINGHAM CLOSE?

2 OVINGHAM CLOSE is located in WASHINGTON, in the NE38 postcode district. The below map shows the position of No. 2 on OVINGHAM CLOSE.