18, STRETTON WAY, BACKWORTH, NEWCASTLE UPON TYNE, NE27 0JR - £125,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

18 STRETTON WAY is a very small detached house of 54m², built sometime between 1976 and 1982. It was last sold for £125,000 in November 2022, which was around 65% below the average November 2022 detached price in the North Tyneside 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.

18 STRETTON WAY Sold Prices

Land registry data shows two sales for 18 STRETTON WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. Both of the two 18 STRETTON WAY 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 29 NOV	£125,000	£361,442	65% below HPI
2014 19 SEP	£83,000	£249,405	67% below HPI

18 STRETTON WAY 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 two 18 STRETTON WAY sales from September 2014 and November 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 September 2014 sale was for 67% below the HPI. So the extrapolation line tracks at 67% below the HPI over time, until the November 2022 sale, where it rises to 65% below the HPI. The line then continues to track at 65% below the HPI.

How Large is 18 STRETTON WAY?

18 STRETTON WAY is 54m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of detached houses in Backworth, based on EPC data. The below chart shows the distribution of detached houses by size in Backworth, and where 18 STRETTON WAY lies on this distribution: Less than 1% of detached houses are smaller than 18 STRETTON WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Backworth.

18 STRETTON WAY: Plot and Title Map

18 STRETTON WAY sits on a plot of roughly 0.084 of an acre, or 338m². The below map shows the location of 18 STRETTON WAY, 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 18 STRETTON WAY). 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 18 STRETTON WAY?

18 STRETTON WAY is located in BACKWORTH, in the NE27 postcode district. The below map shows the position of No. 18 on STRETTON WAY.