74, THE PADDOCK, NEWCASTLE UPON TYNE, NE12 6HQ - £92,500

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.

74 THE PADDOCK is a very small terraced house of 62m², built sometime between 1967 and 1975, which could now be worth an estimated £122,272. It was last sold for £92,500 in February 2020, which was around 35% below the average February 2020 terraced price in the North Tyneside local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was B.

74 THE PADDOCK Sold Prices

Land registry data shows two sales for 74 THE PADDOCK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the North Tyneside local authority area for the corresponding sale date. One of the two 74 THE PADDOCK sales was for below the average price, whilst the other was roughly equal to 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 24 FEB	£92,500	£143,356	35% below HPI
1996 11 DEC	£36,000	£35,884	Close to HPI

74 THE PADDOCK Price Paid vs. HPI Average

The below graph shows the average terraced house price in the North Tyneside local authority area over time, sourced from the HPI. The two 74 THE PADDOCK sales from December 1996 and February 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 December 1996 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the February 2020 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 74 THE PADDOCK be worth now?

74 THE PADDOCK might now be worth an estimated £122,272.

This is based on house price inflation of 32.2%, between February 2020 and June 2025, for terraced 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 32.2% inflationary increase is applied to the most recent sale price for 74 THE PADDOCK of £92,500 on 24th February 2020. For the value to have increased from £92,500 to £122,272 over the four years and eight months to June 2025, the following assumptions must hold true:

• The value of 74 THE PADDOCK has moved in line with the HPI for terraced houses in the North Tyneside local authority area.
• The February 2020 sale price of £92,500 represented a fair market value for the property.
• The size, condition, and specification of 74 THE PADDOCK has not materially changed since February 2020.

How Large is 74 THE PADDOCK?

74 THE PADDOCK is 62m² according to the EPC inspection conducted in December 2019. This puts it in the smallest 10% of terraced houses houses in Killingworth, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Killingworth, and where 74 THE PADDOCK lies on this distribution: 4% of terraced houses houses are smaller than 74 THE PADDOCK, and 95% of houses are larger. Note that EPC data is not available for all properties in Killingworth.

74 THE PADDOCK: Plot and Title Map

74 THE PADDOCK sits on a plot of roughly 0.023 of an acre, or 93m². The below map shows the location of 74 THE PADDOCK, 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 74 THE PADDOCK). 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 74 THE PADDOCK?

74 THE PADDOCK is located in NEWCASTLE UPON TYNE, in the NE12 postcode district. The below map shows the position of No. 74 on THE PADDOCK.