31, SHARNFORD CLOSE, BACKWORTH, NEWCASTLE UPON TYNE, NE27 0JY - £245,000

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

31 SHARNFORD CLOSE is a very small extended detached house of 108m², built sometime between 1991 and 1995. It was last sold for £245,000 in July 2022, which was around 29% below the average July 2022 detached price in the North Tyneside local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

31 SHARNFORD CLOSE Sold Prices

Land registry data shows two sales for 31 SHARNFORD 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 31 SHARNFORD 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
2022 18 JUL	£245,000	£344,613	29% below HPI
1998 12 FEB	£45,000	£85,024	47% below HPI

31 SHARNFORD 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 31 SHARNFORD CLOSE sales from February 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 February 1998 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the July 2022 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 31 SHARNFORD CLOSE?

31 SHARNFORD CLOSE is 108m², which includes one extension, according to the EPC inspection conducted in March 2016. This puts it in the smallest 20% of detached houses in Backworth, based on EPC data. The below chart shows the distribution of detached houses by size in Backworth, and where 31 SHARNFORD CLOSE lies on this distribution: 18% of detached houses are smaller than 31 SHARNFORD CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Backworth.

31 SHARNFORD CLOSE: Plot and Title Map

31 SHARNFORD CLOSE sits on a plot of roughly 0.125 of an acre, or 507m². The below map shows the location of 31 SHARNFORD 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 31 SHARNFORD 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 31 SHARNFORD CLOSE?

31 SHARNFORD CLOSE is located in BACKWORTH, in the NE27 postcode district. The below map shows the position of No. 31 on SHARNFORD CLOSE.