2, THE BROADWAY, NORTH SHIELDS, NE30 2LD - £1,100,000

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 THE BROADWAY is a very large extended detached house of 217m², built sometime between 1900 and 1929. It was last sold for £1,100,000 in August 2023, which was around 203% above the average August 2023 detached price in the North Tyneside local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

2 THE BROADWAY Sold Prices

Land registry data shows three sales for 2 THE BROADWAY 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 THE BROADWAY 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
2023 10 AUG	£1,100,000	£363,630	203% above HPI
2016 12 FEB	£860,000	£261,263	229% above HPI
2011 18 FEB	£745,000	£224,577	232% above HPI

2 THE BROADWAY 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 THE BROADWAY sales between February 2011 and August 2023 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 February 2016 sale was for 229% above the HPI. So the extrapolation line tracks at 229% above the HPI over time, until the August 2023 sale, where it falls to 203% above the HPI. The line then continues to track at 203% above the HPI.

How Large is 2 THE BROADWAY?

2 THE BROADWAY is 217m², which includes two extensions, according to the EPC inspection conducted in July 2015. This puts it in the largest 10% of detached houses in Tynemouth, based on EPC data. The below chart shows the distribution of detached houses by size in Tynemouth, and where 2 THE BROADWAY lies on this distribution: 96% of detached houses are smaller than 2 THE BROADWAY, and 4% of houses are larger. Note that EPC data is not available for all properties in Tynemouth.

2 THE BROADWAY: Plot and Title Map

2 THE BROADWAY sits on a plot of roughly 0.208 of an acre, or 841m². The below map shows the location of 2 THE BROADWAY, 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 THE BROADWAY). 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 THE BROADWAY?

2 THE BROADWAY is located in NORTH SHIELDS, in the NE30 postcode district. The below map shows the position of No. 2 on THE BROADWAY.