5, GREEN LANE, NEWCASTLE UPON TYNE, NE12 6BN - £350,000

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

5 GREEN LANE is a very large extended detached house of 126m², built sometime between 1967 and 1975. It was last sold for £350,000 in August 2023, which was around 4% below the average August 2023 detached price in the North Tyneside local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

5 GREEN LANE Sold Prices

Land registry data shows four sales for 5 GREEN LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. Most of the four 5 GREEN LANE 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
2023 18 AUG	£350,000	£363,630	4% below HPI
2016 10 JUN	£295,000	£266,170	11% above HPI
2000 29 SEP	£132,000	£98,335	34% above HPI
1998 13 FEB	£95,000	£85,024	12% above HPI

5 GREEN LANE 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 four 5 GREEN LANE sales between February 1998 and August 2023 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 2016 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the August 2023 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 5 GREEN LANE?

5 GREEN LANE is 126m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the largest 20% of detached houses in Killingworth, based on EPC data. The below chart shows the distribution of detached houses by size in Killingworth, and where 5 GREEN LANE lies on this distribution: 81% of detached houses are smaller than 5 GREEN LANE, and 19% of houses are larger. Note that EPC data is not available for all properties in Killingworth.

5 GREEN LANE: Plot and Title Map

5 GREEN LANE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 5 GREEN LANE, 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 5 GREEN LANE). 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 5 GREEN LANE?

5 GREEN LANE is located in NEWCASTLE UPON TYNE, in the NE12 postcode district. The below map shows the position of No. 5 on GREEN LANE.