3, MILITARY CLOSE, KILLINGWORTH VILLAGE, NEWCASTLE UPON TYNE, NE12 6DN - £218,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 MILITARY CLOSE is a small detached house of 88m², which could now be worth an estimated £272,226. It was last sold for £218,000 in September 2020, which was around 27% below the average September 2020 detached price in the North Tyneside local authority area. The most recent EPC inspection was June 2018, where the current energy rating was B, and the potential energy rating was A.

3 MILITARY CLOSE Sold Prices

Land registry data shows two sales for 3 MILITARY CLOSE 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 3 MILITARY CLOSE 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
2020 1 SEP	£218,000	£298,410	27% below HPI
2018 25 JAN	£224,795	£276,466	19% below HPI

3 MILITARY CLOSE 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 3 MILITARY CLOSE sales from January 2018 and September 2020 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 January 2018 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2020 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 3 MILITARY CLOSE be worth now?

3 MILITARY CLOSE might now be worth an estimated £272,226.

This is based on house price inflation of 24.9%, between September 2020 and February 2025, for detached houses, in the North Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.9% inflationary increase is applied to the most recent sale price for 3 MILITARY CLOSE of £218,000 on 1st September 2020. For the value to have increased from £218,000 to £272,226 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 MILITARY CLOSE has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The September 2020 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILITARY CLOSE has not materially changed since September 2020.

How Large is 3 MILITARY CLOSE?

3 MILITARY CLOSE is 88m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 40% of detached houses houses in Killingworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Killingworth, and where 3 MILITARY CLOSE lies on this distribution: 33% of detached houses houses are smaller than 3 MILITARY CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Killingworth.

3 MILITARY CLOSE: Plot and Title Map

3 MILITARY CLOSE sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 3 MILITARY 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 3 MILITARY 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 3 MILITARY CLOSE?

3 MILITARY CLOSE is located in KILLINGWORTH VILLAGE, in the NE12 postcode district. The below map shows the position of No. 3 on MILITARY CLOSE.