124, ABBOTS WAY, NORTH SHIELDS, NE29 8LY - £350,000

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

124 ABBOTS WAY is a very small detached house of 84m², built sometime between 1983 and 1990, which could now be worth an estimated £378,484. It was last sold for £350,000 in August 2022, which was around 2% above the average August 2022 detached price in the North Tyneside local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

124 ABBOTS WAY Sold Prices

Land registry data shows two sales for 124 ABBOTS WAY 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 124 ABBOTS WAY 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
2022 17 AUG	£350,000	£344,593	2% above HPI
2001 4 JUN	£134,000	£99,698	34% above HPI

124 ABBOTS WAY 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 124 ABBOTS WAY sales from June 2001 and August 2022 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 June 2001 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the August 2022 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 124 ABBOTS WAY be worth now?

124 ABBOTS WAY might now be worth an estimated £378,484.

This is based on house price inflation of 8.1%, between August 2022 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 8.1% inflationary increase is applied to the most recent sale price for 124 ABBOTS WAY of £350,000 on 17th August 2022. For the value to have increased from £350,000 to £378,484 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 124 ABBOTS WAY has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The August 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 124 ABBOTS WAY has not materially changed since August 2022.

How Large is 124 ABBOTS WAY?

124 ABBOTS WAY is 84m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 20% of detached houses houses in Tynemouth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tynemouth, and where 124 ABBOTS WAY lies on this distribution: 16% of detached houses houses are smaller than 124 ABBOTS WAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Tynemouth.

124 ABBOTS WAY: Plot and Title Map

124 ABBOTS WAY sits on a plot of roughly 0.123 of an acre, or 499m². The below map shows the location of 124 ABBOTS WAY, 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 124 ABBOTS WAY). 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 124 ABBOTS WAY?

124 ABBOTS WAY is located in NORTH SHIELDS, in the NE29 postcode district. The below map shows the position of No. 124 on ABBOTS WAY.