THE LODGE, DAME MARGARET HALL, THE AVENUE, WASHINGTON, NE38 7LE - £260,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE LODGE is a very small extended detached house of 68m², built sometime before 1900. It was last sold for £260,000 in June 2022, which was around 4% above the average June 2022 detached price in the Sunderland local authority area. The most recent EPC inspection was July 2020, where the current energy rating was E, and the potential energy rating was C.

THE LODGE Sold Prices

Land registry data shows three sales for THE LODGE 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. Two of the three THE LODGE sales were for above the average price, whilst one was 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
2022 24 JUN	£260,000	£249,001	4% above HPI
2019 15 NOV	£135,000	£214,383	37% below HPI
2003 9 APR	£240,000	£130,430	84% above HPI

THE LODGE 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 THE LODGE sales between April 2003 and June 2022 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 2019 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the June 2022 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is THE LODGE?

THE LODGE is 68m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 10% of detached houses in Washington, based on EPC data. The below chart shows the distribution of detached houses by size in Washington, and where THE LODGE lies on this distribution: 3% of detached houses are smaller than THE LODGE, and 97% of houses are larger. Note that EPC data is not available for all properties in Washington.

THE LODGE: Plot and Title Map

THE LODGE sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of THE LODGE, 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 THE LODGE). 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 THE LODGE?

THE LODGE, DAME MARGARET HALL is located on THE AVENUE in WASHINGTON, in the NE38 postcode district. The below map shows the position of THE LODGE, DAME MARGARET HALL on THE AVENUE.