5, RICHMOND PARK, WALLSEND, NE28 8UN - £295,000

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

5 RICHMOND PARK is a small extended detached house of 91m², built sometime between 1983 and 1990. It was last sold for £295,000 in March 2024, which was around 18% below the average March 2024 detached price in the North Tyneside local authority area. The most recent EPC inspection was August 2023, where the current energy rating was D, and the potential energy rating was C.

5 RICHMOND PARK Sold Prices

Land registry data shows three sales for 5 RICHMOND PARK 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. Two of the three 5 RICHMOND PARK sales were for below the average price, whilst one was 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
2024 22 MAR	£295,000	£360,656	18% below HPI
2007 4 JUN	£185,000	£248,048	25% below HPI
2000 30 JUN	£94,950	£93,740	1% above HPI

5 RICHMOND PARK 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 5 RICHMOND PARK sales between June 2000 and March 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 June 2007 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the March 2024 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 5 RICHMOND PARK?

5 RICHMOND PARK is 91m², which includes one extension, according to the EPC inspection conducted in August 2023. This puts it in the smallest 40% of detached houses in Wallsend, based on EPC data. The below chart shows the distribution of detached houses by size in Wallsend, and where 5 RICHMOND PARK lies on this distribution: 35% of detached houses are smaller than 5 RICHMOND PARK, and 64% of houses are larger. Note that EPC data is not available for all properties in Wallsend.

5 RICHMOND PARK: Plot and Title Map

5 RICHMOND PARK sits on a plot of roughly 0.092 of an acre, or 370m². The below map shows the location of 5 RICHMOND PARK, 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 RICHMOND PARK). 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 RICHMOND PARK?

5 RICHMOND PARK is located in WALLSEND, in the NE28 postcode district. The below map shows the position of No. 5 on RICHMOND PARK.