7, MELDON CLOSE, WASHINGTON, NE38 8FL - £235,000

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.

7 MELDON CLOSE is a midsized detached house of 113m², which could now be worth an estimated £305,182. It was last sold for £235,000 in February 2020, which was around 17% above the average February 2020 detached price in the Sunderland local authority area. The most recent EPC inspection was March 2014, where the current energy rating was B, and the potential energy rating was B.

7 MELDON CLOSE Sold Prices

Land registry data shows two sales for 7 MELDON 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 7 MELDON 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
2020 4 FEB	£235,000	£200,936	17% above HPI
2014 17 JAN	£211,995	£179,123	18% above HPI

7 MELDON 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 7 MELDON CLOSE sales from January 2014 and February 2020 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 January 2014 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the February 2020 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 7 MELDON CLOSE be worth now?

7 MELDON CLOSE might now be worth an estimated £305,182.

This is based on house price inflation of 29.9%, between February 2020 and February 2025, 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 29.9% inflationary increase is applied to the most recent sale price for 7 MELDON CLOSE of £235,000 on 4th February 2020. For the value to have increased from £235,000 to £305,182 over the five years to February 2025, the following assumptions must hold true:

• The value of 7 MELDON CLOSE has moved in line with the HPI for detached houses in the Sunderland local authority area.
• The February 2020 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MELDON CLOSE has not materially changed since February 2020.

How Large is 7 MELDON CLOSE?

7 MELDON CLOSE is 113m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 50% 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 7 MELDON CLOSE lies on this distribution: 44% of detached houses houses are smaller than 7 MELDON CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Washington.

7 MELDON CLOSE: Plot and Title Map

7 MELDON CLOSE sits on a plot of roughly 0.049 of an acre, or 198m². The below map shows the location of 7 MELDON 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 7 MELDON 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 7 MELDON CLOSE?

7 MELDON CLOSE is located in WASHINGTON, in the NE38 postcode district. The below map shows the position of No. 7 on MELDON CLOSE.