HOLMELEA, BACKWORTH, NEWCASTLE UPON TYNE, NE27 0AP - £340,000

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

HOLMELEA is a large extended detached house of 136m², built sometime between 1930 and 1949. It was last sold for £340,000 in August 2021, which was around 9% above the average August 2021 detached price in the North Tyneside local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was C.

HOLMELEA Sold Prices

Land registry data shows two sales for HOLMELEA 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. Both of the two HOLMELEA 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 27 AUG	£340,000	£312,742	9% above HPI
2002 12 MAR	£142,500	£113,510	26% above HPI

HOLMELEA 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 HOLMELEA sales from March 2002 and August 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 March 2002 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the August 2021 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is HOLMELEA?

HOLMELEA is 136m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the largest 40% of detached houses in Backworth, based on EPC data. The below chart shows the distribution of detached houses by size in Backworth, and where HOLMELEA lies on this distribution: 62% of detached houses are smaller than HOLMELEA, and 36% of houses are larger. Note that EPC data is not available for all properties in Backworth.

HOLMELEA: Plot and Title Map

HOLMELEA sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of HOLMELEA, 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 HOLMELEA). 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 HOLMELEA?

HOLMELEA is located in BACKWORTH, in the NE27 postcode district. The below map shows the position of HOLMELEA in BACKWORTH.