3, DERWENT WAY, WALLSEND, NE28 6AD - £136,500

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.

3 DERWENT WAY is a small semi-detached house of 86m², which could now be worth an estimated £202,351. It was last sold for £136,500 in May 2015, which was around 9% below the average May 2015 semi-detached price in the North Tyneside local authority area. The most recent EPC inspection was November 2009, where the current energy rating was C, and the potential energy rating was C.

3 DERWENT WAY Sold Prices

Land registry data shows two sales for 3 DERWENT WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the North Tyneside local authority area for the corresponding sale date. One of the two 3 DERWENT WAY sales was for below the average price, whilst the other 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
2015 15 MAY	£136,500	£150,787	9% below HPI
2009 4 DEC	£163,000	£134,679	21% above HPI

3 DERWENT WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Tyneside local authority area over time, sourced from the HPI. The two 3 DERWENT WAY sales from December 2009 and May 2015 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 December 2009 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the May 2015 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 3 DERWENT WAY be worth now?

3 DERWENT WAY might now be worth an estimated £202,351.

This is based on house price inflation of 48.2%, between May 2015 and February 2025, for semi-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 48.2% inflationary increase is applied to the most recent sale price for 3 DERWENT WAY of £136,500 on 15th May 2015. For the value to have increased from £136,500 to £202,351 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of 3 DERWENT WAY has moved in line with the HPI for semi-detached houses in the North Tyneside local authority area.
• The May 2015 sale price of £136,500 represented a fair market value for the property.
• The size, condition, and specification of 3 DERWENT WAY has not materially changed since May 2015.

How Large is 3 DERWENT WAY?

3 DERWENT WAY is 86m² according to the EPC inspection conducted in November 2009. This puts it in the smallest 30% of semi-detached houses houses in Wallsend, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Wallsend, and where 3 DERWENT WAY lies on this distribution: 24% of semi-detached houses houses are smaller than 3 DERWENT WAY, and 76% of houses are larger. Note that EPC data is not available for all properties in Wallsend.

3 DERWENT WAY: Plot and Title Map

3 DERWENT WAY sits on a plot of roughly 0.039 of an acre, or 158m². The below map shows the location of 3 DERWENT 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 3 DERWENT 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 3 DERWENT WAY?

3 DERWENT WAY is located in WALLSEND, in the NE28 postcode district. The below map shows the position of No. 3 on DERWENT WAY.