7, MELROSE, WASHINGTON, NE38 7HD - £175,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

7 MELROSE is a very large extended detached house of 179m², built sometime between 1950 and 1966. It was last sold for £175,000 in July 2015, which was around 10% below the average July 2015 detached price in the Sunderland local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

7 MELROSE Sold Prices

Land registry data shows three sales for 7 MELROSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Sunderland local authority area for the corresponding sale date. All of the three 7 MELROSE 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
2015 10 JUL	£175,000	£194,863	10% below HPI
2013 5 JUL	£180,000	£186,799	4% below HPI
2008 20 JUN	£200,000	£218,470	8% below HPI

7 MELROSE 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 three 7 MELROSE sales between June 2008 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 July 2013 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the July 2015 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 7 MELROSE?

7 MELROSE is 179m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the largest 20% of detached houses in Washington, based on EPC data. The below chart shows the distribution of detached houses by size in Washington, and where 7 MELROSE lies on this distribution: 86% of detached houses are smaller than 7 MELROSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Washington.

7 MELROSE: Plot and Title Map

7 MELROSE sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 7 MELROSE, 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 MELROSE). 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 MELROSE?

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