48, FENWICK CLOSE, BACKWORTH, NEWCASTLE UPON TYNE, NE27 0RL - £227,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

48 FENWICK CLOSE is a very small extended detached house of 112m², built sometime between 2003 and 2006, which could now be worth an estimated £349,937. It was last sold for £227,000 in May 2014, which was around 6% below the average May 2014 detached price in the North Tyneside local authority area. The most recent EPC inspection was September 2010, where the current energy rating was C, and the potential energy rating was C.

48 FENWICK CLOSE Sold Prices

Land registry data shows three sales for 48 FENWICK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. All of the three 48 FENWICK 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
2014 20 MAY	£227,000	£241,725	6% below HPI
2010 16 DEC	£225,000	£229,631	2% below HPI
2004 20 OCT	£215,000	£216,730	1% below HPI

48 FENWICK 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 three 48 FENWICK CLOSE sales between October 2004 and May 2014 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 December 2010 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the May 2014 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 48 FENWICK CLOSE be worth now?

48 FENWICK CLOSE might now be worth an estimated £349,937.

This is based on house price inflation of 54.2%, between May 2014 and February 2025, for detached houses, in the North Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 54.2% inflationary increase is applied to the most recent sale price for 48 FENWICK CLOSE of £227,000 on 20th May 2014. For the value to have increased from £227,000 to £349,937 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 48 FENWICK CLOSE has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The May 2014 sale price of £227,000 represented a fair market value for the property.
• The size, condition, and specification of 48 FENWICK CLOSE has not materially changed since May 2014.

How Large is 48 FENWICK CLOSE?

48 FENWICK CLOSE is 112m², which includes one extension, according to the EPC inspection conducted in September 2010. This puts it in the smallest 20% of detached houses houses in Backworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Backworth, and where 48 FENWICK CLOSE lies on this distribution: 20% of detached houses houses are smaller than 48 FENWICK CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Backworth.

48 FENWICK CLOSE: Plot and Title Map

48 FENWICK CLOSE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 48 FENWICK 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 48 FENWICK 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 48 FENWICK CLOSE?

48 FENWICK CLOSE is located in BACKWORTH, in the NE27 postcode district. The below map shows the position of No. 48 on FENWICK CLOSE.