1, RED HOUSE DRIVE, WHITLEY BAY, NE25 9XL - £552,000

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.

1 RED HOUSE DRIVE is a very large extended detached house of 241m², built sometime between 2003 and 2006, which could now be worth an estimated £715,165. It was last sold for £552,000 in November 2019, which was around 92% above the average November 2019 detached price in the North Tyneside local authority area. The most recent EPC inspection was February 2018, where the current energy rating was C, and the potential energy rating was B.

1 RED HOUSE DRIVE Sold Prices

Land registry data shows two sales for 1 RED HOUSE DRIVE 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 1 RED HOUSE DRIVE 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
2019 21 NOV	£552,000	£287,620	92% above HPI
1997 14 FEB	£165,000	£76,879	115% above HPI

1 RED HOUSE DRIVE 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 1 RED HOUSE DRIVE sales from February 1997 and November 2019 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 February 1997 sale was for 115% above the HPI. So the extrapolation line tracks at 115% above the HPI over time, until the November 2019 sale, where it falls to 92% above the HPI. The line then continues to track at 92% above the HPI.

What might 1 RED HOUSE DRIVE be worth now?

1 RED HOUSE DRIVE might now be worth an estimated £715,165.

This is based on house price inflation of 29.6%, between November 2019 and February 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 29.6% inflationary increase is applied to the most recent sale price for 1 RED HOUSE DRIVE of £552,000 on 21st November 2019. For the value to have increased from £552,000 to £715,165 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 RED HOUSE DRIVE has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The November 2019 sale price of £552,000 represented a fair market value for the property.
• The size, condition, and specification of 1 RED HOUSE DRIVE has not materially changed since November 2019.

How Large is 1 RED HOUSE DRIVE?

1 RED HOUSE DRIVE is 241m², which includes two extensions, according to the EPC inspection conducted in February 2018. This puts it in the largest 10% of detached houses houses in Whitley Bay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Whitley Bay, and where 1 RED HOUSE DRIVE lies on this distribution: 97% of detached houses houses are smaller than 1 RED HOUSE DRIVE, and 3% of houses are larger. Note that EPC data is not available for all properties in Whitley Bay.

1 RED HOUSE DRIVE: Plot and Title Map

1 RED HOUSE DRIVE sits on a plot of roughly 0.183 of an acre, or 740m². The below map shows the location of 1 RED HOUSE DRIVE, 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 1 RED HOUSE DRIVE). 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 1 RED HOUSE DRIVE?

1 RED HOUSE DRIVE is located in WHITLEY BAY, in the NE25 postcode district. The below map shows the position of No. 1 on RED HOUSE DRIVE.