2, MULBERRY GROVE, HOBSON, NEWCASTLE UPON TYNE, NE16 6ET - £223,000

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

2 MULBERRY GROVE is a large extended detached house of 95m², built sometime between 1996 and 2002. It was last sold for £223,000 in April 2021, which was around 20% above the average April 2021 detached price in the County Durham local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

2 MULBERRY GROVE Sold Prices

Land registry data shows three sales for 2 MULBERRY 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 County Durham local authority area for the corresponding sale date. The three 2 MULBERRY GROVE sales were a mix of above the average price, and roughly equal to 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
2021 15 APR	£223,000	£185,588	20% above HPI
2006 11 SEP	£181,500	£181,658	Close to HPI
2001 29 MAY	£105,000	£79,358	32% above HPI

2 MULBERRY GROVE 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 three 2 MULBERRY GROVE sales between May 2001 and April 2021 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 2006 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the April 2021 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 2 MULBERRY GROVE?

2 MULBERRY GROVE is 95m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the largest 40% of detached houses in Hobson, based on EPC data. The below chart shows the distribution of detached houses by size in Hobson, and where 2 MULBERRY GROVE lies on this distribution: 63% of detached houses are smaller than 2 MULBERRY GROVE, and 37% of houses are larger. Note that EPC data is not available for all properties in Hobson.

2 MULBERRY GROVE: Plot and Title Map

2 MULBERRY GROVE sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of 2 MULBERRY 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 MULBERRY 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 MULBERRY GROVE?

2 MULBERRY GROVE is located in HOBSON, in the NE16 postcode district. The below map shows the position of No. 2 on MULBERRY GROVE.