48, LANCASTER DRIVE, WALLSEND, NE28 9TE - £159,950

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.

48 LANCASTER DRIVE is a very small semi-detached house of 52m², built sometime between 1976 and 1982, which could now be worth an estimated £231,892. It was last sold for £159,950 in December 2015, which was around 4% above the average December 2015 semi-detached price in the North Tyneside local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

48 LANCASTER DRIVE Sold Prices

Land registry data shows two sales for 48 LANCASTER DRIVE 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 North Tyneside local authority area for the corresponding sale date. One of the two 48 LANCASTER DRIVE sales was for above the average price, whilst the other was 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
2015 11 DEC	£159,950	£154,182	4% above HPI
2008 20 JUN	£135,000	£147,514	8% below HPI

48 LANCASTER DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Tyneside local authority area over time, sourced from the HPI. The two 48 LANCASTER DRIVE sales from June 2008 and December 2015 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 2008 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the December 2015 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 48 LANCASTER DRIVE be worth now?

48 LANCASTER DRIVE might now be worth an estimated £231,892.

This is based on house price inflation of 45%, between December 2015 and February 2025, for semi-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 45% inflationary increase is applied to the most recent sale price for 48 LANCASTER DRIVE of £159,950 on 11th December 2015. For the value to have increased from £159,950 to £231,892 over the ten years and ten months to February 2025, the following assumptions must hold true:

• The value of 48 LANCASTER DRIVE has moved in line with the HPI for semi-detached houses in the North Tyneside local authority area.
• The December 2015 sale price of £159,950 represented a fair market value for the property.
• The size, condition, and specification of 48 LANCASTER DRIVE has not materially changed since December 2015.

How Large is 48 LANCASTER DRIVE?

48 LANCASTER DRIVE is 52m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 10% of semi-detached houses houses in Wallsend, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Wallsend, and where 48 LANCASTER DRIVE lies on this distribution: 1% of semi-detached houses houses are smaller than 48 LANCASTER DRIVE, and 99% of houses are larger. Note that EPC data is not available for all properties in Wallsend.

48 LANCASTER DRIVE: Plot and Title Map

48 LANCASTER DRIVE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 48 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 48 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 48 LANCASTER DRIVE?

48 LANCASTER DRIVE is located in WALLSEND, in the NE28 postcode district. The below map shows the position of No. 48 on LANCASTER DRIVE.