2, ELM GROVE, FOREST HALL, NEWCASTLE UPON TYNE, NE12 7AN - £480,000

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

2 ELM GROVE is a very large extended detached house of 216m², built sometime before 1900. It was last sold for £480,000 in July 2022, which was around 39% above the average July 2022 detached price in the North Tyneside local authority area. The most recent EPC inspection was August 2015, where the current energy rating was E, and the potential energy rating was C.

2 ELM GROVE Sold Prices

Land registry data shows three sales for 2 ELM GROVE 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. All of the three 2 ELM GROVE 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 25 JUL	£480,000	£344,613	39% above HPI
2017 12 MAY	£397,500	£269,444	48% above HPI
2005 25 NOV	£291,000	£229,134	27% above HPI

2 ELM GROVE 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 2 ELM GROVE sales between November 2005 and July 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 May 2017 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the July 2022 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

How Large is 2 ELM GROVE?

2 ELM GROVE is 216m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the largest 10% of detached houses in Longbenton, based on EPC data. The below chart shows the distribution of detached houses by size in Longbenton, and where 2 ELM GROVE lies on this distribution: 98% of detached houses are smaller than 2 ELM GROVE, and 2% of houses are larger. Note that EPC data is not available for all properties in Longbenton.

2 ELM GROVE: Plot and Title Map

2 ELM GROVE sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of 2 ELM GROVE, 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 2 ELM GROVE). 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 2 ELM GROVE?

2 ELM GROVE is located in FOREST HALL, in the NE12 postcode district. The below map shows the position of No. 2 on ELM GROVE.