2, ORCHARD CLOSE, SUNNISIDE, NEWCASTLE UPON TYNE, NE16 5NB - £365,000

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 ORCHARD CLOSE is a very small detached house of 78m², built sometime between 1996 and 2002. It was last sold for £365,000 in July 2022, which was around 34% above the average July 2022 detached price in the Gateshead local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

2 ORCHARD CLOSE Sold Prices

Land registry data shows three sales for 2 ORCHARD 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 Gateshead local authority area for the corresponding sale date. Two of the three 2 ORCHARD CLOSE sales were for above the average price, whilst one was 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 1 JUL	£365,000	£273,121	34% above HPI
2020 28 MAY	£190,000	£227,176	16% below HPI
1998 30 OCT	£89,950	£79,920	13% above HPI

2 ORCHARD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gateshead local authority area over time, sourced from the HPI. The three 2 ORCHARD CLOSE sales between October 1998 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 2020 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2022 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

How Large is 2 ORCHARD CLOSE?

2 ORCHARD CLOSE is 78m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 20% of detached houses in Sunniside, based on EPC data. The below chart shows the distribution of detached houses by size in Sunniside, and where 2 ORCHARD CLOSE lies on this distribution: 18% of detached houses are smaller than 2 ORCHARD CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Sunniside.

2 ORCHARD CLOSE: Plot and Title Map

2 ORCHARD CLOSE sits on a plot of roughly 0.130 of an acre, or 527m². The below map shows the location of 2 ORCHARD 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 2 ORCHARD 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 2 ORCHARD CLOSE?

2 ORCHARD CLOSE is located in SUNNISIDE, in the NE16 postcode district. The below map shows the position of No. 2 on ORCHARD CLOSE.