15, GRINDON CLOSE, WHITLEY BAY, NE25 9EB - £305,000

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.

15 GRINDON CLOSE is a very small detached house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £395,154. It was last sold for £305,000 in November 2019, which was around 6% above the average November 2019 detached price in the North Tyneside local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was D.

15 GRINDON CLOSE Sold Prices

Land registry data shows three sales for 15 GRINDON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. One of the three 15 GRINDON CLOSE sales was for above the average price, whilst two 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
2019 29 NOV	£305,000	£287,620	6% above HPI
2013 23 AUG	£227,000	£232,672	2% below HPI
2006 30 MAR	£199,950	£230,663	13% below HPI

15 GRINDON CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Tyneside local authority area over time, sourced from the HPI. The three 15 GRINDON CLOSE sales between March 2006 and November 2019 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 August 2013 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2019 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 15 GRINDON CLOSE be worth now?

15 GRINDON CLOSE might now be worth an estimated £395,154.

This is based on house price inflation of 29.6%, between November 2019 and February 2025, for detached houses, in the North Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.6% inflationary increase is applied to the most recent sale price for 15 GRINDON CLOSE of £305,000 on 29th November 2019. For the value to have increased from £305,000 to £395,154 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 15 GRINDON CLOSE has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The November 2019 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 15 GRINDON CLOSE has not materially changed since November 2019.

How Large is 15 GRINDON CLOSE?

15 GRINDON CLOSE is 74m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 10% of detached houses houses in Whitley Bay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Whitley Bay, and where 15 GRINDON CLOSE lies on this distribution: 4% of detached houses houses are smaller than 15 GRINDON CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Whitley Bay.

15 GRINDON CLOSE: Plot and Title Map

15 GRINDON CLOSE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 15 GRINDON 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 15 GRINDON 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 15 GRINDON CLOSE?

15 GRINDON CLOSE is located in WHITLEY BAY, in the NE25 postcode district. The below map shows the position of No. 15 on GRINDON CLOSE.