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

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

40 FRANKLAND DRIVE is a very small extended detached house of 96m², built sometime between 1950 and 1966. It was last sold for £375,000 in August 2024, which was around 1% below 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. One of the three 40 FRANKLAND DRIVE sales was for below the average price, whilst two 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	£377,636	1% below HPI
2005 11 NOV	£263,500	£229,134	15% above HPI
2004 23 JAN	£190,000	£185,097	3% 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 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the August 2024 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

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 in Whitley Bay, based on EPC data. The below chart shows the distribution of detached houses by size in Whitley Bay, and where 40 FRANKLAND DRIVE lies on this distribution: 15% of detached 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.