41, OVINGHAM CLOSE, WASHINGTON, NE38 8NP - £130,000

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

41 OVINGHAM CLOSE is a very small extended detached house of 88m², built sometime between 1991 and 1995, which could now be worth an estimated £240,834. It was last sold for £130,000 in September 2003, which was around 6% below the average September 2003 detached price in the Sunderland local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

41 OVINGHAM CLOSE Sold Prices

Land registry data shows two sales for 41 OVINGHAM 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 41 OVINGHAM 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
2003 26 SEP	£130,000	£138,792	6% below HPI
1996 7 OCT	£67,700	£73,264	8% below HPI

41 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 two 41 OVINGHAM CLOSE sales from October 1996 and September 2003 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 1996 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the September 2003 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 41 OVINGHAM CLOSE be worth now?

41 OVINGHAM CLOSE might now be worth an estimated £240,834.

This is based on house price inflation of 85.3%, between September 2003 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 85.3% inflationary increase is applied to the most recent sale price for 41 OVINGHAM CLOSE of £130,000 on 26th September 2003. For the value to have increased from £130,000 to £240,834 over the twenty years and nine months to December 2024, the following assumptions must hold true:

• The value of 41 OVINGHAM CLOSE has moved in line with the HPI for detached houses in the Sunderland local authority area.
• The September 2003 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 41 OVINGHAM CLOSE has not materially changed since September 2003.

How Large is 41 OVINGHAM CLOSE?

41 OVINGHAM CLOSE is 88m², which includes one extension, according to the EPC inspection conducted in February 2022. 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 41 OVINGHAM CLOSE lies on this distribution: 16% of detached houses houses are smaller than 41 OVINGHAM CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Washington.

41 OVINGHAM CLOSE: Plot and Title Map

41 OVINGHAM CLOSE sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of 41 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 41 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 41 OVINGHAM CLOSE?

41 OVINGHAM CLOSE is located in WASHINGTON, in the NE38 postcode district. The below map shows the position of No. 41 on OVINGHAM CLOSE.