2, THE OVAL, WYNYARD, BILLINGHAM, TS22 5SQ - £342,500

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.

2 THE OVAL is a small extended detached house of 151m², built sometime between 1996 and 2002, which could now be worth an estimated £445,347. It was last sold for £342,500 in September 2012, which was around 65% above the average September 2012 detached price in the Stockton-on-Tees local authority area. The most recent EPC inspection was June 2009, where the current energy rating was D, and the potential energy rating was C.

2 THE OVAL Sold Prices

Land registry data shows four sales for 2 THE OVAL since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Stockton-on-Tees local authority area for the corresponding sale date. All of the four 2 THE OVAL 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
2012 10 SEP	£342,500	£207,517	65% above HPI
2010 26 JUL	£345,000	£205,699	68% above HPI
2007 26 JUL	£335,000	£222,778	50% above HPI
2000 4 SEP	£166,000	£89,412	86% above HPI

2 THE OVAL Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stockton-on-Tees local authority area over time, sourced from the HPI. The four 2 THE OVAL sales between September 2000 and September 2012 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 July 2010 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the September 2012 sale, where it falls to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might 2 THE OVAL be worth now?

2 THE OVAL might now be worth an estimated £445,347.

This is based on house price inflation of 30%, between September 2012 and February 2025, for detached houses, in the Stockton-on-Tees local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30% inflationary increase is applied to the most recent sale price for 2 THE OVAL of £342,500 on 10th September 2012. For the value to have increased from £342,500 to £445,347 over the thirteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 THE OVAL has moved in line with the HPI for detached houses in the Stockton-on-Tees local authority area.
• The September 2012 sale price of £342,500 represented a fair market value for the property.
• The size, condition, and specification of 2 THE OVAL has not materially changed since September 2012.

How Large is 2 THE OVAL?

2 THE OVAL is 151m², which includes one extension, according to the EPC inspection conducted in June 2009. This puts it in the smallest 40% of detached houses houses in Wynyard Village, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wynyard Village, and where 2 THE OVAL lies on this distribution: 39% of detached houses houses are smaller than 2 THE OVAL, and 61% of houses are larger. Note that EPC data is not available for all properties in Wynyard Village.

2 THE OVAL: Plot and Title Map

2 THE OVAL sits on a plot of roughly 0.162 of an acre, or 657m². The below map shows the location of 2 THE OVAL, 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 THE OVAL). 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 THE OVAL?

2 THE OVAL is located in WYNYARD, in the TS22 postcode district. The below map shows the position of No. 2 on THE OVAL.