1, BURNEZE PLACE, HOBSON, NEWCASTLE UPON TYNE, NE16 6ES - £284,000

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

1 BURNEZE PLACE is a very large extended detached house of 147m², built sometime between 1991 and 1995. It was last sold for £284,000 in April 2022, which was around 42% above the average April 2022 detached price in the County Durham local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

1 BURNEZE PLACE Sold Prices

Land registry data shows two sales for 1 BURNEZE PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Both of the two 1 BURNEZE PLACE 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
2022 29 APR	£284,000	£200,402	42% above HPI
2012 12 MAR	£185,000	£156,774	18% above HPI

1 BURNEZE PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The two 1 BURNEZE PLACE sales from March 2012 and April 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 March 2012 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the April 2022 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

How Large is 1 BURNEZE PLACE?

1 BURNEZE PLACE is 147m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 10% of detached houses in Hobson, based on EPC data. The below chart shows the distribution of detached houses by size in Hobson, and where 1 BURNEZE PLACE lies on this distribution: 93% of detached houses are smaller than 1 BURNEZE PLACE, and 7% of houses are larger. Note that EPC data is not available for all properties in Hobson.

1 BURNEZE PLACE: Plot and Title Map

1 BURNEZE PLACE sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 1 BURNEZE PLACE, 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 1 BURNEZE PLACE). 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 1 BURNEZE PLACE?

1 BURNEZE PLACE is located in HOBSON, in the NE16 postcode district. The below map shows the position of No. 1 on BURNEZE PLACE.