6, GREYSFIELD, BACKWORTH, NEWCASTLE UPON TYNE, NE27 0XG - £351,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

6 GREYSFIELD is a midsized detached house of 129m², which could now be worth an estimated £415,748. It was last sold for £351,000 in September 2021, which was around 14% above the average September 2021 detached price in the North Tyneside local authority area. The most recent EPC inspection was May 2020, where the current energy rating was B, and the potential energy rating was A.

6 GREYSFIELD Sold Prices

Land registry data shows two sales for 6 GREYSFIELD 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 6 GREYSFIELD 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 29 SEP	£351,000	£308,147	14% above HPI
2020 2 JUN	£324,950	£288,418	13% above HPI

6 GREYSFIELD 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 6 GREYSFIELD sales from June 2020 and September 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 June 2020 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the September 2021 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 6 GREYSFIELD be worth now?

6 GREYSFIELD might now be worth an estimated £415,748.

This is based on house price inflation of 18.4%, between September 2021 and June 2025, for detached houses, in the North Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.4% inflationary increase is applied to the most recent sale price for 6 GREYSFIELD of £351,000 on 29th September 2021. For the value to have increased from £351,000 to £415,748 over the four years and three months to June 2025, the following assumptions must hold true:

• The value of 6 GREYSFIELD has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The September 2021 sale price of £351,000 represented a fair market value for the property.
• The size, condition, and specification of 6 GREYSFIELD has not materially changed since September 2021.

How Large is 6 GREYSFIELD?

6 GREYSFIELD is 129m² according to the EPC inspection conducted in May 2020. This puts it in the largest 50% of detached houses houses in Backworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Backworth, and where 6 GREYSFIELD lies on this distribution: 50% of detached houses houses are smaller than 6 GREYSFIELD, and 47% of houses are larger. Note that EPC data is not available for all properties in Backworth.

6 GREYSFIELD: Plot and Title Map

6 GREYSFIELD sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 6 GREYSFIELD, 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 6 GREYSFIELD). 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 6 GREYSFIELD?

6 GREYSFIELD is located in BACKWORTH, in the NE27 postcode district. The below map shows the position of No. 6 on GREYSFIELD.