2, ELGIN CLOSE, NORTH SHIELDS, NE29 8DG - £175,000

2 ELGIN CLOSE is a very small detached house of 77m², built sometime between 1967 and 1975. It was last sold for £175,000 in June 2020, which was around 40% below the average June 2020 detached price in the North Tyneside local authority area. The most recent EPC inspection was March 2020, where the current energy rating was E, and the potential energy rating was B.

2 ELGIN CLOSE Sold Prices

Land registry data shows two sales for 2 ELGIN CLOSE 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 2 ELGIN CLOSE 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
2020 23 JUN	£175,000	£293,338	40% below HPI
2006 26 SEP	£102,000	£238,611	57% below HPI

2 ELGIN CLOSE 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 2 ELGIN CLOSE sales from September 2006 and June 2020 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 September 2006 sale was for 57% below the HPI. So the extrapolation line tracks at 57% below the HPI over time, until the June 2020 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 2 ELGIN CLOSE?

2 ELGIN CLOSE is 77m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 10% of detached houses in Tynemouth, based on EPC data. The below chart shows the distribution of detached houses by size in Tynemouth, and where 2 ELGIN CLOSE lies on this distribution: 10% of detached houses are smaller than 2 ELGIN CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Tynemouth.

2 ELGIN CLOSE: Plot and Title Map

2 ELGIN CLOSE sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 2 ELGIN CLOSE, 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 2 ELGIN CLOSE). 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 2 ELGIN CLOSE?

2 ELGIN CLOSE is located in NORTH SHIELDS, in the NE29 postcode district. The below map shows the position of No. 2 on ELGIN CLOSE.