7, STANHOPE, WASHINGTON, NE38 0LH - £55,000

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 STANHOPE is a very small terraced house of 78m², built sometime between 1976 and 1982, which could now be worth an estimated £63,198. It was last sold for £55,000 in March 2022, which was around 50% below the average March 2022 terraced price in the Sunderland local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

7 STANHOPE Sold Prices

Land registry data shows two sales for 7 STANHOPE 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 7 STANHOPE 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
2022 9 MAR	£55,000	£109,966	50% below HPI
2013 6 JUN	£82,000	£84,340	3% below HPI

7 STANHOPE 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 7 STANHOPE sales from June 2013 and March 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 June 2013 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2022 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might 7 STANHOPE be worth now?

7 STANHOPE might now be worth an estimated £63,198.

This is based on house price inflation of 14.9%, between March 2022 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 14.9% inflationary increase is applied to the most recent sale price for 7 STANHOPE of £55,000 on 9th March 2022. For the value to have increased from £55,000 to £63,198 over the three years and ten months to May 2026, the following assumptions must hold true:

• The value of 7 STANHOPE has moved in line with the HPI for terraced houses in the Sunderland local authority area.
• The March 2022 sale price of £55,000 represented a fair market value for the property.
• The size, condition, and specification of 7 STANHOPE has not materially changed since March 2022.

How Large is 7 STANHOPE?

7 STANHOPE is 78m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 10% of terraced houses houses in Washington, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Washington, and where 7 STANHOPE lies on this distribution: 6% of terraced houses houses are smaller than 7 STANHOPE, and 93% of houses are larger. Note that EPC data is not available for all properties in Washington.

7 STANHOPE: Plot and Title Map

7 STANHOPE sits on a plot of roughly 0.037 of an acre, or 150m². The below map shows the location of 7 STANHOPE, 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 STANHOPE). 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 STANHOPE?

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