5, GREENWOOD CLOSE, WASHINGTON, NE38 8LR - £307,500

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

5 GREENWOOD CLOSE is a very large extended detached house of 187m², built sometime between 2003 and 2006, which could now be worth an estimated £428,646. It was last sold for £307,500 in July 2015, which was around 67% above the average July 2015 detached price in the Sunderland local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was B.

5 GREENWOOD CLOSE Sold Prices

Land registry data shows two sales for 5 GREENWOOD 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 5 GREENWOOD 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
2015 31 JUL	£307,500	£184,453	67% above HPI
2002 22 NOV	£221,875	£115,960	91% above HPI

5 GREENWOOD 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 5 GREENWOOD CLOSE sales from November 2002 and July 2015 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 November 2002 sale was for 91% above the HPI. So the extrapolation line tracks at 91% above the HPI over time, until the July 2015 sale, where it falls to 67% above the HPI. The line then continues to track at 67% above the HPI.

What might 5 GREENWOOD CLOSE be worth now?

5 GREENWOOD CLOSE might now be worth an estimated £428,646.

This is based on house price inflation of 39.4%, between July 2015 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 39.4% inflationary increase is applied to the most recent sale price for 5 GREENWOOD CLOSE of £307,500 on 31st July 2015. For the value to have increased from £307,500 to £428,646 over the eight years and seven months to December 2024, the following assumptions must hold true:

• The value of 5 GREENWOOD CLOSE has moved in line with the HPI for detached houses in the Sunderland local authority area.
• The July 2015 sale price of £307,500 represented a fair market value for the property.
• The size, condition, and specification of 5 GREENWOOD CLOSE has not materially changed since July 2015.

How Large is 5 GREENWOOD CLOSE?

5 GREENWOOD CLOSE is 187m², which includes one extension, according to the EPC inspection conducted in March 2015. 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 5 GREENWOOD CLOSE lies on this distribution: 87% of detached houses houses are smaller than 5 GREENWOOD CLOSE, and 12% of houses are larger. Note that EPC data is not available for all properties in Washington.

5 GREENWOOD CLOSE: Plot and Title Map

5 GREENWOOD CLOSE sits on a plot of roughly 0.100 of an acre, or 403m². The below map shows the location of 5 GREENWOOD 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 5 GREENWOOD 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 5 GREENWOOD CLOSE?

5 GREENWOOD CLOSE is located in WASHINGTON, in the NE38 postcode district. The below map shows the position of No. 5 on GREENWOOD CLOSE.