THE GRAYES, QUEENS ROAD, WALBOTTLE, NEWCASTLE UPON TYNE, NE15 8JB - £390,000

THE GRAYES is a large extended detached house of 178m², built sometime between 1967 and 1975. It was last sold for £390,000 in February 2023, which was around 12% above the average February 2023 detached price in the Newcastle upon Tyne local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was C.

THE GRAYES Sold Prices

Land registry data shows two sales for THE GRAYES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newcastle upon Tyne local authority area for the corresponding sale date. Both of the two THE GRAYES 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
2023 8 FEB	£390,000	£348,718	12% above HPI
2017 11 AUG	£365,000	£295,262	24% above HPI

THE GRAYES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newcastle upon Tyne local authority area over time, sourced from the HPI. The two THE GRAYES sales from August 2017 and February 2023 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 August 2017 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the February 2023 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is THE GRAYES?

THE GRAYES is 178m², which includes two extensions, according to the EPC inspection conducted in September 2016. This puts it in the largest 30% of detached houses in Walbottle, based on EPC data. The below chart shows the distribution of detached houses by size in Walbottle, and where THE GRAYES lies on this distribution: 76% of detached houses are smaller than THE GRAYES, and 21% of houses are larger. Note that EPC data is not available for all properties in Walbottle.

THE GRAYES: Plot and Title Map

THE GRAYES sits on a plot of roughly 0.327 of an acre, or 1,323m². The below map shows the location of THE GRAYES, 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 THE GRAYES). 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 THE GRAYES?

THE GRAYES is located on QUEENS ROAD in WALBOTTLE, in the NE15 postcode district. The below map shows the position of THE GRAYES on QUEENS ROAD.