16, WESTFIELD PARK, WALLSEND, NE28 8LB - £178,000

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.

16 WESTFIELD PARK is a very small detached house of 75m², built sometime between 1996 and 2002, which could now be worth an estimated £228,050. It was last sold for £178,000 in July 2020, which was around 39% below the average July 2020 detached price in the North Tyneside local authority area. The most recent EPC inspection was November 2017, where the current energy rating was C, and the potential energy rating was B.

16 WESTFIELD PARK Sold Prices

Land registry data shows five sales for 16 WESTFIELD PARK since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. All of the five 16 WESTFIELD PARK sales were for below 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
2020 10 JUL	£178,000	£290,854	39% below HPI
2008 2 MAY	£174,500	£248,961	30% below HPI
2007 27 APR	£175,000	£236,364	26% below HPI
2001 19 JAN	£74,000	£96,584	23% below HPI
1996 27 SEP	£72,950	£79,711	8% below HPI

16 WESTFIELD PARK 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 five 16 WESTFIELD PARK sales between September 1996 and July 2020 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 2008 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the July 2020 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 16 WESTFIELD PARK be worth now?

16 WESTFIELD PARK might now be worth an estimated £228,050.

This is based on house price inflation of 28.1%, between July 2020 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 28.1% inflationary increase is applied to the most recent sale price for 16 WESTFIELD PARK of £178,000 on 10th July 2020. For the value to have increased from £178,000 to £228,050 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 16 WESTFIELD PARK has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The July 2020 sale price of £178,000 represented a fair market value for the property.
• The size, condition, and specification of 16 WESTFIELD PARK has not materially changed since July 2020.

How Large is 16 WESTFIELD PARK?

16 WESTFIELD PARK is 75m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 10% 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 16 WESTFIELD PARK lies on this distribution: 7% of detached houses houses are smaller than 16 WESTFIELD PARK, and 93% of houses are larger. Note that EPC data is not available for all properties in Wallsend.

16 WESTFIELD PARK: Plot and Title Map

16 WESTFIELD PARK sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 16 WESTFIELD PARK, 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 16 WESTFIELD PARK). 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 16 WESTFIELD PARK?

16 WESTFIELD PARK is located in WALLSEND, in the NE28 postcode district. The below map shows the position of No. 16 on WESTFIELD PARK.