5, THE COVERS, WALLSEND, NE28 7QQ - £298,000

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 THE COVERS is a midsized extended detached house of 108m², built sometime between 1996 and 2002. It was last sold for £298,000 in July 2022, which was around 14% below the average July 2022 detached price in the North Tyneside local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

5 THE COVERS Sold Prices

Land registry data shows two sales for 5 THE COVERS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. One of the two 5 THE COVERS sales was for below the average price, whilst the other 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
2022 15 JUL	£298,000	£344,613	14% below HPI
2000 22 SEP	£108,400	£98,335	10% above HPI

5 THE COVERS 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 two 5 THE COVERS sales from September 2000 and July 2022 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 September 2000 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the July 2022 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 5 THE COVERS?

5 THE COVERS is 108m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 50% 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 THE COVERS lies on this distribution: 55% of detached houses are smaller than 5 THE COVERS, and 44% of houses are larger. Note that EPC data is not available for all properties in Wallsend.

5 THE COVERS: Plot and Title Map

5 THE COVERS sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 5 THE COVERS, 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 THE COVERS). 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 THE COVERS?

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