6, PENROSE PLACE, HEBBURN, NE31 2AY - £247,000

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

6 PENROSE PLACE is a small detached house of 89m². It was last sold for £247,000 in May 2022, which was around 9% below the average May 2022 detached price in the South Tyneside local authority area. The most recent EPC inspection was June 2016, where the current energy rating was B, and the potential energy rating was A.

6 PENROSE PLACE Sold Prices

Land registry data shows two sales for 6 PENROSE PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Tyneside local authority area for the corresponding sale date. Both of the two 6 PENROSE PLACE 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
2022 31 MAY	£247,000	£272,711	9% below HPI
2016 24 JUN	£199,995	£224,876	11% below HPI

6 PENROSE PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Tyneside local authority area over time, sourced from the HPI. The two 6 PENROSE PLACE sales from June 2016 and May 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 June 2016 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2022 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 6 PENROSE PLACE?

6 PENROSE PLACE is 89m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 30% of detached houses in Hebburn, based on EPC data. The below chart shows the distribution of detached houses by size in Hebburn, and where 6 PENROSE PLACE lies on this distribution: 22% of detached houses are smaller than 6 PENROSE PLACE, and 76% of houses are larger. Note that EPC data is not available for all properties in Hebburn.

6 PENROSE PLACE: Plot and Title Map

6 PENROSE PLACE sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 6 PENROSE PLACE, 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 6 PENROSE PLACE). 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 6 PENROSE PLACE?

6 PENROSE PLACE is located in HEBBURN, in the NE31 postcode district. The below map shows the position of No. 6 on PENROSE PLACE.