8, GROVE TERRACE, BURNOPFIELD, NEWCASTLE UPON TYNE, NE16 6NP - £355,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 GROVE TERRACE is a very large extended detached house of 186m², built sometime before 1900, which could now be worth an estimated £370,007. It was last sold for £355,000 in October 2024, which was around 58% above the average October 2024 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 three sales for 8 GROVE TERRACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the three 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
2024 25 OCT	£355,000	£225,067	58% above HPI
2021 21 MAY	£365,000	£193,186	89% above HPI
2018 26 JUL	£335,000	£175,020	91% 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 three 8 GROVE TERRACE sales between July 2018 and October 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 May 2021 sale was for 89% above the HPI. So the extrapolation line tracks at 89% above the HPI over time, until the October 2024 sale, where it falls to 58% above the HPI. The line then continues to track at 58% above the HPI.

What might 8 GROVE TERRACE be worth now?

8 GROVE TERRACE might now be worth an estimated £370,007.

This is based on house price inflation of 4.2%, between October 2024 and December 2024, for detached houses, in the County Durham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.2% inflationary increase is applied to the most recent sale price for 8 GROVE TERRACE of £355,000 on 25th October 2024. For the value to have increased from £355,000 to £370,007 over the ten months to December 2024, the following assumptions must hold true:

• The value of 8 GROVE TERRACE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The October 2024 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GROVE TERRACE has not materially changed since October 2024.

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 houses in Burnopfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burnopfield, and where 8 GROVE TERRACE lies on this distribution: 88% of detached houses 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.