4, BASIL WAY, SOUTH SHIELDS, NE34 8UB - £185,000

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

4 BASIL WAY is a very small extended semi-detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £253,403. It was last sold for £185,000 in July 2017, which was around 39% above the average July 2017 semi-detached price in the South Tyneside local authority area. The most recent EPC inspection was October 2015, where the current energy rating was C, and the potential energy rating was B.

4 BASIL WAY Sold Prices

Land registry data shows three sales for 4 BASIL WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the South Tyneside local authority area for the corresponding sale date. All of the three 4 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 27 JUL	£185,000	£132,940	39% above HPI
2001 9 MAR	£70,000	£55,070	27% above HPI
1997 30 MAY	£58,500	£46,012	27% above HPI

4 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 three 4 BASIL WAY sales between May 1997 and July 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 2001 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the July 2017 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 4 BASIL WAY be worth now?

4 BASIL WAY might now be worth an estimated £253,403.

This is based on house price inflation of 37%, between July 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 37% inflationary increase is applied to the most recent sale price for 4 BASIL WAY of £185,000 on 27th July 2017. For the value to have increased from £185,000 to £253,403 over the eight years and five months to February 2025, the following assumptions must hold true:

• The value of 4 BASIL WAY has moved in line with the HPI for semi-detached houses in the South Tyneside local authority area.
• The July 2017 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 4 BASIL WAY has not materially changed since July 2017.

How Large is 4 BASIL WAY?

4 BASIL WAY is 82m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the smallest 20% 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 4 BASIL WAY lies on this distribution: 11% of semi-detached houses houses are smaller than 4 BASIL WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in South Shields.

4 BASIL WAY: Plot and Title Map

4 BASIL WAY sits on a plot of roughly 0.050 of an acre, or 204m². The below map shows the location of 4 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 4 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 4 BASIL WAY?

4 BASIL WAY is located in SOUTH SHIELDS, in the NE34 postcode district. The below map shows the position of No. 4 on BASIL WAY.