5, ELGIN CLOSE, NORTH SHIELDS, NE29 8DG - £167,000

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.

5 ELGIN CLOSE is a very small detached house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £205,094. It was last sold for £167,000 in March 2021, which was around 45% below the average March 2021 detached price in the North Tyneside local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

5 ELGIN CLOSE Sold Prices

Land registry data shows one sale for 5 ELGIN CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 23 MAR	£167,000	£303,951	45% below HPI

What might 5 ELGIN CLOSE be worth now?

5 ELGIN CLOSE might now be worth an estimated £205,094.

This is based on house price inflation of 22.8%, between March 2021 and May 2026, 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 22.8% inflationary increase is applied to the most recent sale price for 5 ELGIN CLOSE of £167,000 on 23rd March 2021. For the value to have increased from £167,000 to £205,094 over the four years and ten months to May 2026, the following assumptions must hold true:

• The value of 5 ELGIN CLOSE has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The March 2021 sale price of £167,000 represented a fair market value for the property.
• The size, condition, and specification of 5 ELGIN CLOSE has not materially changed since March 2021.

How Large is 5 ELGIN CLOSE?

5 ELGIN CLOSE is 79m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 20% of detached houses in Tynemouth, based on EPC data. The below chart shows the distribution of detached houses by size in Tynemouth, and where 5 ELGIN CLOSE lies on this distribution: 10% of detached houses are smaller than 5 ELGIN CLOSE, and 89% of detached houses are larger. Note that EPC data is not available for all properties in Tynemouth.

5 ELGIN CLOSE: Plot

5 ELGIN CLOSE sits on a plot of roughly 0.085 of an acre, or 344m².

Where is 5 ELGIN CLOSE?

5 ELGIN CLOSE is located in NORTH SHIELDS, in the NE29 postcode district.