45, LANCASTER DRIVE, WALLSEND, NE28 9TE - £242,500

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

45 LANCASTER DRIVE is a small extended detached house of 85m², built sometime between 1983 and 1990. It was last sold for £242,500 in November 2023, which was around 32% below the average November 2023 detached price in the North Tyneside local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

45 LANCASTER DRIVE Sold Prices

Land registry data shows three sales for 45 LANCASTER 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 45 LANCASTER DRIVE sales were for below 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
2023 30 NOV	£242,500	£356,534	32% below HPI
2022 17 JUN	£226,000	£337,782	33% below HPI
2016 23 NOV	£180,000	£272,992	34% below HPI

45 LANCASTER 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 45 LANCASTER DRIVE sales between November 2016 and November 2023 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 June 2022 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the November 2023 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 45 LANCASTER DRIVE?

45 LANCASTER DRIVE is 85m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the smallest 30% of detached houses in Wallsend, based on EPC data. The below chart shows the distribution of detached houses by size in Wallsend, and where 45 LANCASTER DRIVE lies on this distribution: 23% of detached houses are smaller than 45 LANCASTER DRIVE, and 76% of houses are larger. Note that EPC data is not available for all properties in Wallsend.

45 LANCASTER DRIVE: Plot and Title Map

45 LANCASTER DRIVE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 45 LANCASTER 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 45 LANCASTER 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 45 LANCASTER DRIVE?

45 LANCASTER DRIVE is located in WALLSEND, in the NE28 postcode district. The below map shows the position of No. 45 on LANCASTER DRIVE.