15, GROVE TERRACE, BURNOPFIELD, NEWCASTLE UPON TYNE, NE16 6NP - £395,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 GROVE TERRACE is a very large detached house of 201m², built sometime before 1900, which could now be worth an estimated £563,444. It was last sold for £395,000 in May 2012, which was around 140% above the average May 2012 detached price in the County Durham local authority area. The most recent EPC inspection was January 2011, where the current energy rating was C, and the potential energy rating was C.

15 GROVE TERRACE Sold Prices

Land registry data shows two sales for 15 GROVE TERRACE 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 15 GROVE TERRACE 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
2012 1 MAY	£395,000	£164,452	140% above HPI
2003 29 JAN	£272,000	£106,158	156% above HPI

15 GROVE TERRACE 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 15 GROVE TERRACE sales from January 2003 and May 2012 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 2003 sale was for 156% above the HPI. So the extrapolation line tracks at 156% above the HPI over time, until the May 2012 sale, where it falls to 140% above the HPI. The line then continues to track at 140% above the HPI.

What might 15 GROVE TERRACE be worth now?

15 GROVE TERRACE might now be worth an estimated £563,444.

This is based on house price inflation of 42.6%, between May 2012 and December 2024, for detached houses, in the County Durham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.6% inflationary increase is applied to the most recent sale price for 15 GROVE TERRACE of £395,000 on 1st May 2012. For the value to have increased from £395,000 to £563,444 over the eleven years and five months to December 2024, the following assumptions must hold true:

• The value of 15 GROVE TERRACE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The May 2012 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 15 GROVE TERRACE has not materially changed since May 2012.

How Large is 15 GROVE TERRACE?

15 GROVE TERRACE is 201m² according to the EPC inspection conducted in January 2011. This puts it in the largest 10% of detached houses houses in Burnopfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burnopfield, and where 15 GROVE TERRACE lies on this distribution: 92% of detached houses houses are smaller than 15 GROVE TERRACE, and 8% of houses are larger. Note that EPC data is not available for all properties in Burnopfield.

15 GROVE TERRACE: Plot and Title Map

15 GROVE TERRACE sits on a plot of roughly 0.409 of an acre, or 1,657m². The below map shows the location of 15 GROVE TERRACE, 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 GROVE TERRACE). 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 GROVE TERRACE?

15 GROVE TERRACE is located in BURNOPFIELD, in the NE16 postcode district. The below map shows the position of No. 15 on GROVE TERRACE.