31, BASIL WAY, SOUTH SHIELDS, NE34 8UA - £165,000

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

31 BASIL WAY is a small semi-detached house of 94m², built sometime between 1950 and 1966, which could now be worth an estimated £219,991. It was last sold for £165,000 in December 2017, which was around 21% above the average December 2017 semi-detached price in the South Tyneside local authority area. The most recent EPC inspection was October 2016, where the current energy rating was C, and the potential energy rating was B.

31 BASIL WAY Sold Prices

Land registry data shows two sales for 31 BASIL 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 South Tyneside local authority area for the corresponding sale date. Both of the two 31 BASIL 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
2017 20 DEC	£165,000	£136,576	21% above HPI
1998 13 MAR	£71,000	£48,232	47% above HPI

31 BASIL WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Tyneside local authority area over time, sourced from the HPI. The two 31 BASIL WAY sales from March 1998 and December 2017 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 March 1998 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the December 2017 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 31 BASIL WAY be worth now?

31 BASIL WAY might now be worth an estimated £219,991.

This is based on house price inflation of 33.3%, between December 2017 and February 2025, for semi-detached houses, in the South Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.3% inflationary increase is applied to the most recent sale price for 31 BASIL WAY of £165,000 on 20th December 2017. For the value to have increased from £165,000 to £219,991 over the eight years and ten months to February 2025, the following assumptions must hold true:

• The value of 31 BASIL WAY has moved in line with the HPI for semi-detached houses in the South Tyneside local authority area.
• The December 2017 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 31 BASIL WAY has not materially changed since December 2017.

How Large is 31 BASIL WAY?

31 BASIL WAY is 94m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 30% of semi-detached houses houses in South Shields, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in South Shields, and where 31 BASIL WAY lies on this distribution: 30% of semi-detached houses houses are smaller than 31 BASIL WAY, and 69% of houses are larger. Note that EPC data is not available for all properties in South Shields.

31 BASIL WAY: Plot and Title Map

31 BASIL WAY sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 31 BASIL 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 31 BASIL 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 31 BASIL WAY?

31 BASIL WAY is located in SOUTH SHIELDS, in the NE34 postcode district. The below map shows the position of No. 31 on BASIL WAY.