27, LANCASTER DRIVE, WALLSEND, NE28 9TE - £168,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

27 LANCASTER DRIVE is a very small extended detached house of 79m², built sometime between 1983 and 1990. It was last sold for £168,000 in October 2007, which was around 34% below the average October 2007 detached price in the North Tyneside local authority area. The most recent EPC inspection was June 2024, where the current energy rating was D, and the potential energy rating was B.

27 LANCASTER DRIVE Sold Prices

Land registry data shows two sales for 27 LANCASTER 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 27 LANCASTER DRIVE 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
2007 26 OCT	£168,000	£255,558	34% below HPI
2002 12 JUL	£113,500	£129,485	12% below HPI

27 LANCASTER 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 27 LANCASTER DRIVE sales from July 2002 and October 2007 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 July 2002 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the October 2007 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 27 LANCASTER DRIVE?

27 LANCASTER DRIVE is 79m², which includes two extensions, according to the EPC inspection conducted in June 2024. This puts it in the smallest 20% of detached houses in Wallsend, based on EPC data. The below chart shows the distribution of detached houses by size in Wallsend, and where 27 LANCASTER DRIVE lies on this distribution: 14% of detached houses are smaller than 27 LANCASTER DRIVE, and 85% of houses are larger. Note that EPC data is not available for all properties in Wallsend.

27 LANCASTER DRIVE: Plot and Title Map

27 LANCASTER DRIVE sits on a plot of roughly 0.084 of an acre, or 338m². The below map shows the location of 27 LANCASTER 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 27 LANCASTER 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 27 LANCASTER DRIVE?

27 LANCASTER DRIVE is located in WALLSEND, in the NE28 postcode district. The below map shows the position of No. 27 on LANCASTER DRIVE.