1, THE COVERS, WALLSEND, NE28 7QQ - £155,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 THE COVERS is a small extended detached house of 93m², built sometime between 1996 and 2002, which could now be worth an estimated £258,365. It was last sold for £155,000 in March 2012, which was around 31% below the average March 2012 detached price in the North Tyneside local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

1 THE COVERS Sold Prices

Land registry data shows three sales for 1 THE COVERS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. Two of the three 1 THE COVERS sales were for below the average price, whilst one was 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
2012 8 MAR	£155,000	£223,555	31% below HPI
2004 28 MAY	£189,000	£196,632	4% below HPI
2000 14 APR	£93,950	£91,131	3% above HPI

1 THE COVERS 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 three 1 THE COVERS sales between April 2000 and March 2012 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 May 2004 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the March 2012 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 1 THE COVERS be worth now?

1 THE COVERS might now be worth an estimated £258,365.

This is based on house price inflation of 66.7%, between March 2012 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 66.7% inflationary increase is applied to the most recent sale price for 1 THE COVERS of £155,000 on 8th March 2012. For the value to have increased from £155,000 to £258,365 over the thirteen years and one month to February 2025, the following assumptions must hold true:

• The value of 1 THE COVERS has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The March 2012 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE COVERS has not materially changed since March 2012.

How Large is 1 THE COVERS?

1 THE COVERS is 93m², which includes one extension, according to the EPC inspection conducted in April 2011. This puts it in the smallest 40% of detached houses houses in Wallsend, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wallsend, and where 1 THE COVERS lies on this distribution: 38% of detached houses houses are smaller than 1 THE COVERS, and 62% of houses are larger. Note that EPC data is not available for all properties in Wallsend.

1 THE COVERS: Plot and Title Map

1 THE COVERS sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 1 THE COVERS, 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 THE COVERS). 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 THE COVERS?

1 THE COVERS is located in WALLSEND, in the NE28 postcode district. The below map shows the position of No. 1 on THE COVERS.