40, FRANKLAND DRIVE, WHITLEY BAY, NE25 9DS - £375,000

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.

40 FRANKLAND DRIVE is a very small extended detached house of 96m², built sometime between 1950 and 1966, which could now be worth an estimated £399,755. It was last sold for £375,000 in August 2024, which was around 7% above the average August 2024 detached price in the North Tyneside local authority area. The most recent EPC inspection was May 2024, where the current energy rating was D, and the potential energy rating was C.

40 FRANKLAND DRIVE Sold Prices

Land registry data shows three sales for 40 FRANKLAND DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. All of the three 40 FRANKLAND DRIVE 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
2024 23 AUG	£375,000	£349,561	7% above HPI
2005 11 NOV	£263,500	£225,291	17% above HPI
2004 23 JAN	£190,000	£181,992	4% above HPI

40 FRANKLAND 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 three 40 FRANKLAND DRIVE sales between January 2004 and August 2024 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 November 2005 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the August 2024 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 40 FRANKLAND DRIVE be worth now?

40 FRANKLAND DRIVE might now be worth an estimated £399,755.

This is based on house price inflation of 6.6%, between August 2024 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 6.6% inflationary increase is applied to the most recent sale price for 40 FRANKLAND DRIVE of £375,000 on 23rd August 2024. For the value to have increased from £375,000 to £399,755 over the one year and six months to February 2025, the following assumptions must hold true:

• The value of 40 FRANKLAND DRIVE has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The August 2024 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 40 FRANKLAND DRIVE has not materially changed since August 2024.

How Large is 40 FRANKLAND DRIVE?

40 FRANKLAND DRIVE is 96m², which includes two extensions, according to the EPC inspection conducted in May 2024. This puts it in the smallest 20% of detached houses houses in Whitley Bay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Whitley Bay, and where 40 FRANKLAND DRIVE lies on this distribution: 15% of detached houses houses are smaller than 40 FRANKLAND DRIVE, and 85% of houses are larger. Note that EPC data is not available for all properties in Whitley Bay.

40 FRANKLAND DRIVE: Plot and Title Map

40 FRANKLAND DRIVE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 40 FRANKLAND 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 40 FRANKLAND 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 40 FRANKLAND DRIVE?

40 FRANKLAND DRIVE is located in WHITLEY BAY, in the NE25 postcode district. The below map shows the position of No. 40 on FRANKLAND DRIVE.