4, ELVET CLOSE, WIDEOPEN, NEWCASTLE UPON TYNE, NE13 7HE - £194,950

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

4 ELVET CLOSE is a very large detached house of 134m², built sometime between 1976 and 1982. It was last sold for £194,950 in May 2015, which was around 25% below the average May 2015 detached price in the North Tyneside local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

4 ELVET CLOSE Sold Prices

Land registry data shows two sales for 4 ELVET 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 4 ELVET 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
2015 19 MAY	£194,950	£259,166	25% below HPI
2000 30 MAR	£88,500	£94,096	6% below HPI

4 ELVET 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 4 ELVET CLOSE sales from March 2000 and May 2015 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 March 2000 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2015 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 4 ELVET CLOSE?

4 ELVET CLOSE is 134m² according to the EPC inspection conducted in August 2014. This puts it in the largest 20% of detached houses in Brunswick Village, based on EPC data. The below chart shows the distribution of detached houses by size in Brunswick Village, and where 4 ELVET CLOSE lies on this distribution: 89% of detached houses are smaller than 4 ELVET CLOSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Brunswick Village.

4 ELVET CLOSE: Plot and Title Map

4 ELVET CLOSE sits on a plot of roughly 31.8 acres, or 128,859m². The below map shows the location of 4 ELVET 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 4 ELVET 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 4 ELVET CLOSE?

4 ELVET CLOSE is located in WIDEOPEN, in the NE13 postcode district. The below map shows the position of No. 4 on ELVET CLOSE.