8, GROVE TERRACE, BURNOPFIELD, NEWCASTLE UPON TYNE, NE16 6NP - £365,000

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

8 GROVE TERRACE is a very large extended detached house of 186m², built sometime before 1900. It was last sold for £365,000 in May 2021, which was around 94% above the average May 2021 detached price in the County Durham local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.

8 GROVE TERRACE Sold Prices

Land registry data shows two sales for 8 GROVE TERRACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Both of the two 8 GROVE TERRACE 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
2021 21 MAY	£365,000	£187,934	94% above HPI
2018 26 JUL	£335,000	£170,261	97% above HPI

8 GROVE TERRACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The two 8 GROVE TERRACE sales from July 2018 and May 2021 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 July 2018 sale was for 97% above the HPI. So the extrapolation line tracks at 97% above the HPI over time, until the May 2021 sale, where it falls to 94% above the HPI. The line then continues to track at 94% above the HPI.

How Large is 8 GROVE TERRACE?

8 GROVE TERRACE is 186m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the largest 20% of detached houses in Burnopfield, based on EPC data. The below chart shows the distribution of detached houses by size in Burnopfield, and where 8 GROVE TERRACE lies on this distribution: 88% of detached houses are smaller than 8 GROVE TERRACE, and 12% of houses are larger. Note that EPC data is not available for all properties in Burnopfield.

8 GROVE TERRACE: Plot and Title Map

8 GROVE TERRACE sits on a plot of roughly 0.224 of an acre, or 906m². The below map shows the location of 8 GROVE TERRACE, 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 8 GROVE TERRACE). 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 8 GROVE TERRACE?

8 GROVE TERRACE is located in BURNOPFIELD, in the NE16 postcode district. The below map shows the position of No. 8 on GROVE TERRACE.