3, OAKMERE CLOSE, SHINEY ROW, HOUGHTON LE SPRING, DH4 7NF - £148,000

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

3 OAKMERE CLOSE is a small extended detached house of 88m², built sometime between 1983 and 1990, which could now be worth an estimated £219,260. It was last sold for £148,000 in August 2004, which was around 15% below the average August 2004 detached price in the Sunderland local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

3 OAKMERE CLOSE Sold Prices

Land registry data shows two sales for 3 OAKMERE 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 3 OAKMERE CLOSE sales were for below 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
2004 20 AUG	£148,000	£173,557	15% below HPI
1997 18 SEP	£70,500	£77,928	10% below HPI

3 OAKMERE 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 3 OAKMERE CLOSE sales from September 1997 and August 2004 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 September 1997 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2004 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 3 OAKMERE CLOSE be worth now?

3 OAKMERE CLOSE might now be worth an estimated £219,260.

This is based on house price inflation of 48.1%, between August 2004 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 48.1% inflationary increase is applied to the most recent sale price for 3 OAKMERE CLOSE of £148,000 on 20th August 2004. For the value to have increased from £148,000 to £219,260 over the nineteen years and eight months to December 2024, the following assumptions must hold true:

• The value of 3 OAKMERE CLOSE has moved in line with the HPI for detached houses in the Sunderland local authority area.
• The August 2004 sale price of £148,000 represented a fair market value for the property.
• The size, condition, and specification of 3 OAKMERE CLOSE has not materially changed since August 2004.

How Large is 3 OAKMERE CLOSE?

3 OAKMERE CLOSE is 88m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the smallest 30% of detached houses houses in Penshaw, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penshaw, and where 3 OAKMERE CLOSE lies on this distribution: 21% of detached houses houses are smaller than 3 OAKMERE CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Penshaw.

3 OAKMERE CLOSE: Plot and Title Map

3 OAKMERE CLOSE sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 3 OAKMERE 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 3 OAKMERE 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 3 OAKMERE CLOSE?

3 OAKMERE CLOSE is located in SHINEY ROW, in the DH4 postcode district. The below map shows the position of No. 3 on OAKMERE CLOSE.