1, THE COVERS, WALLSEND, NE28 7QQ - £155,000

1 THE COVERS is a small extended detached house of 93m², built sometime between 1996 and 2002. It was last sold for £155,000 in March 2012, which was around 32% below the average March 2012 detached price in the North Tyneside local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

1 THE COVERS Sold Prices

Land registry data shows three sales for 1 THE COVERS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. Two of the three 1 THE COVERS sales were for below the average price, whilst one was 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
2012 8 MAR	£155,000	£227,369	32% below HPI
2004 28 MAY	£189,000	£199,987	5% below HPI
2000 14 APR	£93,950	£92,686	1% above HPI

1 THE COVERS 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 three 1 THE COVERS sales between April 2000 and March 2012 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 2004 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the March 2012 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 1 THE COVERS?

1 THE COVERS is 93m², which includes one extension, according to the EPC inspection conducted in April 2011. This puts it in the smallest 40% of detached houses in Wallsend, based on EPC data. The below chart shows the distribution of detached houses by size in Wallsend, and where 1 THE COVERS lies on this distribution: 38% of detached houses are smaller than 1 THE COVERS, and 62% of houses are larger. Note that EPC data is not available for all properties in Wallsend.

1 THE COVERS: Plot and Title Map

1 THE COVERS sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 1 THE COVERS, 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 1 THE COVERS). 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 1 THE COVERS?

1 THE COVERS is located in WALLSEND, in the NE28 postcode district. The below map shows the position of No. 1 on THE COVERS.