40, OAKFIELD CLOSE, SUNDERLAND, SR3 3RT - £126,000

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.

40 OAKFIELD CLOSE is a very small terraced house of 62m², built sometime between 1950 and 1966, which could now be worth an estimated £184,077. It was last sold for £126,000 in October 2015, which was around 46% above the average October 2015 terraced price in the Sunderland local authority area. The most recent EPC inspection was June 2014, where the current energy rating was C, and the potential energy rating was B.

40 OAKFIELD CLOSE Sold Prices

Land registry data shows two sales for 40 OAKFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Sunderland local authority area for the corresponding sale date. Both of the two 40 OAKFIELD 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 30 OCT	£126,000	£86,491	46% above HPI
1997 3 JAN	£49,000	£31,949	53% above HPI

40 OAKFIELD CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Sunderland local authority area over time, sourced from the HPI. The two 40 OAKFIELD CLOSE sales from January 1997 and October 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 January 1997 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the October 2015 sale, where it falls to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 40 OAKFIELD CLOSE be worth now?

40 OAKFIELD CLOSE might now be worth an estimated £184,077.

This is based on house price inflation of 46.1%, between October 2015 and May 2026, for terraced 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 46.1% inflationary increase is applied to the most recent sale price for 40 OAKFIELD CLOSE of £126,000 on 30th October 2015. For the value to have increased from £126,000 to £184,077 over the eleven years and five months to May 2026, the following assumptions must hold true:

• The value of 40 OAKFIELD CLOSE has moved in line with the HPI for terraced houses in the Sunderland local authority area.
• The October 2015 sale price of £126,000 represented a fair market value for the property.
• The size, condition, and specification of 40 OAKFIELD CLOSE has not materially changed since October 2015.

How Large is 40 OAKFIELD CLOSE?

40 OAKFIELD CLOSE is 62m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of terraced houses houses in Sunderland, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Sunderland, and where 40 OAKFIELD CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 40 OAKFIELD CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Sunderland.

40 OAKFIELD CLOSE: Plot and Title Map

40 OAKFIELD CLOSE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 40 OAKFIELD 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 40 OAKFIELD 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 40 OAKFIELD CLOSE?

40 OAKFIELD CLOSE is located in SUNDERLAND, in the SR3 postcode district. The below map shows the position of No. 40 on OAKFIELD CLOSE.