3, THE SPINNEY, KILLINGWORTH VILLAGE, NEWCASTLE UPON TYNE, NE12 6BG - £313,000

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

3 THE SPINNEY is a large extended detached house of 123m², built sometime from 2007 onwards. It was last sold for £313,000 in December 2007, which was around 24% above the average December 2007 detached price in the North Tyneside local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

3 THE SPINNEY Sold Prices

Land registry data shows two sales for 3 THE SPINNEY 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. One of the two 3 THE SPINNEY sales was for above the average price, whilst the other 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
2007 5 DEC	£313,000	£252,608	24% above HPI
2006 7 NOV	£140,000	£240,524	42% below HPI

3 THE SPINNEY 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 THE SPINNEY sales from November 2006 and December 2007 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 November 2006 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the December 2007 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 3 THE SPINNEY?

3 THE SPINNEY is 123m², which includes two extensions, according to the EPC inspection conducted in May 2016. This puts it in the largest 30% of detached houses in Killingworth, based on EPC data. The below chart shows the distribution of detached houses by size in Killingworth, and where 3 THE SPINNEY lies on this distribution: 74% of detached houses are smaller than 3 THE SPINNEY, and 25% of houses are larger. Note that EPC data is not available for all properties in Killingworth.

3 THE SPINNEY: Plot and Title Map

3 THE SPINNEY sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 3 THE SPINNEY, 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 THE SPINNEY). 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 THE SPINNEY?

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