42, EDWARD STREET, HOBSON, NEWCASTLE UPON TYNE, NE16 6EP - £210,000

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

42 EDWARD STREET is a large detached house of 118m², built sometime between 1983 and 1990. It was last sold for £210,000 in May 2024, which was about the average May 2024 detached price in the County Durham local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was A.

42 EDWARD STREET Sold Prices

Land registry data shows three sales for 42 EDWARD STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. The three 42 EDWARD STREET sales were a mix of roughly equal to the average price, and 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
2024 23 MAY	£210,000	£210,133	Close to HPI
2006 27 JUL	£197,500	£179,892	10% above HPI
1996 28 JUN	£84,950	£68,770	24% above HPI

42 EDWARD STREET Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The three 42 EDWARD STREET sales between June 1996 and May 2024 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 July 2006 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the May 2024 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 42 EDWARD STREET?

42 EDWARD STREET is 118m² according to the EPC inspection conducted in August 2020. This puts it in the largest 30% of detached houses in Hobson, based on EPC data. The below chart shows the distribution of detached houses by size in Hobson, and where 42 EDWARD STREET lies on this distribution: 78% of detached houses are smaller than 42 EDWARD STREET, and 22% of houses are larger. Note that EPC data is not available for all properties in Hobson.

42 EDWARD STREET: Plot and Title Map

42 EDWARD STREET sits on a plot of roughly 0.108 of an acre, or 436m². The below map shows the location of 42 EDWARD STREET, 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 42 EDWARD STREET). 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 42 EDWARD STREET?

42 EDWARD STREET is located in HOBSON, in the NE16 postcode district. The below map shows the position of No. 42 on EDWARD STREET.