8, OAK GARDENS, NEWCASTLE UPON TYNE, NE15 9DG - £266,000

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

8 OAK GARDENS is a very small detached house of 98m², built in 2021. It was last sold for £266,000 in May 2022, which was around 22% below the average May 2022 detached price in the Newcastle upon Tyne local authority area. The most recent EPC inspection was March 2021, where the current energy rating was B, and the potential energy rating was A.

8 OAK GARDENS Sold Prices

Land registry data shows two sales for 8 OAK GARDENS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newcastle upon Tyne local authority area for the corresponding sale date. Both of the two 8 OAK GARDENS 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 19 MAY	£266,000	£339,278	22% below HPI
2021 26 MAR	£238,950	£314,018	24% below HPI

8 OAK GARDENS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newcastle upon Tyne local authority area over time, sourced from the HPI. The two 8 OAK GARDENS sales from March 2021 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 March 2021 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2022 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 8 OAK GARDENS?

8 OAK GARDENS is 98m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 20% of detached houses in Throckley, based on EPC data. The below chart shows the distribution of detached houses by size in Throckley, and where 8 OAK GARDENS lies on this distribution: 11% of detached houses are smaller than 8 OAK GARDENS, and 83% of houses are larger. Note that EPC data is not available for all properties in Throckley.

8 OAK GARDENS: Plot and Title Map

8 OAK GARDENS sits on a plot of roughly 0.055 of an acre, or 223m². The below map shows the location of 8 OAK GARDENS, 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 OAK GARDENS). 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 OAK GARDENS?

8 OAK GARDENS is located in NEWCASTLE UPON TYNE, in the NE15 postcode district. The below map shows the position of No. 8 on OAK GARDENS.