40, THE PADDOCK, NEWCASTLE UPON TYNE, NE15 8JG - £265,000

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

40 THE PADDOCK is a midsized extended detached house of 139m², built sometime between 1976 and 1982. It was last sold for £265,000 in February 2013, which was around 8% above the average February 2013 detached price in the Newcastle upon Tyne local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was C.

40 THE PADDOCK Sold Prices

Land registry data shows two sales for 40 THE PADDOCK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newcastle upon Tyne local authority area for the corresponding sale date. Both of the two 40 THE PADDOCK 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
2013 8 FEB	£265,000	£245,858	8% above HPI
2003 12 JUN	£210,000	£194,759	8% above HPI

40 THE PADDOCK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newcastle upon Tyne local authority area over time, sourced from the HPI. The two 40 THE PADDOCK sales from June 2003 and February 2013 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 June 2003 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the February 2013 sale, which was also at 8% above the HPI.

How Large is 40 THE PADDOCK?

40 THE PADDOCK is 139m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the largest 50% of detached houses in Walbottle, based on EPC data. The below chart shows the distribution of detached houses by size in Walbottle, and where 40 THE PADDOCK lies on this distribution: 49% of detached houses are smaller than 40 THE PADDOCK, and 49% of houses are larger. Note that EPC data is not available for all properties in Walbottle.

40 THE PADDOCK: Plot and Title Map

40 THE PADDOCK sits on a plot of roughly 0.081 of an acre, or 330m². The below map shows the location of 40 THE PADDOCK, 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 40 THE PADDOCK). 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 40 THE PADDOCK?

40 THE PADDOCK is located in NEWCASTLE UPON TYNE, in the NE15 postcode district. The below map shows the position of No. 40 on THE PADDOCK.