RIVER HOUSE, SOUTH VIEW, WASHINGTON, NE38 8AH - £550,000

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.

RIVER HOUSE is a very large detached house of 200m², built sometime between 1996 and 2002, which could now be worth an estimated £745,490. It was last sold for £550,000 in February 2018, which was around 185% above the average February 2018 detached price in the Sunderland local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was C.

RIVER HOUSE Sold Prices

Land registry data shows two sales for RIVER HOUSE 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 RIVER HOUSE 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
2018 9 FEB	£550,000	£193,109	185% above HPI
2005 15 JUL	£422,500	£183,972	130% above HPI

RIVER HOUSE 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 RIVER HOUSE sales from July 2005 and February 2018 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 2005 sale was for 130% above the HPI. So the extrapolation line tracks at 130% above the HPI over time, until the February 2018 sale, where it rises to 185% above the HPI. The line then continues to track at 185% above the HPI.

What might RIVER HOUSE be worth now?

RIVER HOUSE might now be worth an estimated £745,490.

This is based on house price inflation of 35.5%, between February 2018 and March 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 35.5% inflationary increase is applied to the most recent sale price for RIVER HOUSE of £550,000 on 9th February 2018. For the value to have increased from £550,000 to £745,490 over the six years and eleven months to March 2025, the following assumptions must hold true:

• The value of RIVER HOUSE has moved in line with the HPI for detached houses in the Sunderland local authority area.
• The February 2018 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of RIVER HOUSE has not materially changed since February 2018.

How Large is RIVER HOUSE?

RIVER HOUSE is 200m² according to the EPC inspection conducted in February 2017. This puts it in the largest 10% 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 RIVER HOUSE lies on this distribution: 90% of detached houses houses are smaller than RIVER HOUSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Washington.

RIVER HOUSE: Plot and Title Map

RIVER HOUSE sits on a plot of roughly 0.115 of an acre, or 465m². The below map shows the location of RIVER HOUSE, 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 RIVER HOUSE). 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 RIVER HOUSE?

RIVER HOUSE is located on SOUTH VIEW in WASHINGTON, in the NE38 postcode district. The below map shows the position of RIVER HOUSE on SOUTH VIEW.