55, PRESTON WOOD, NORTH SHIELDS, NE30 3LT - £625,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

55 PRESTON WOOD is a very large extended detached house of 165m², built sometime between 1983 and 1990. It was last sold for £625,000 in August 2023, which was around 72% above the average August 2023 detached price in the North Tyneside local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was C.

55 PRESTON WOOD Sold Prices

Land registry data shows four sales for 55 PRESTON WOOD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. All of the four 55 PRESTON WOOD 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
2023 11 AUG	£625,000	£363,630	72% above HPI
2010 27 JAN	£365,000	£229,170	59% above HPI
2009 22 JUL	£345,000	£220,914	56% above HPI
2000 30 MAR	£142,000	£94,096	51% above HPI

55 PRESTON WOOD 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 four 55 PRESTON WOOD sales between March 2000 and August 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 January 2010 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the August 2023 sale, where it rises to 72% above the HPI. The line then continues to track at 72% above the HPI.

How Large is 55 PRESTON WOOD?

55 PRESTON WOOD is 165m², which includes three extensions, according to the EPC inspection conducted in April 2023. This puts it in the largest 20% of detached houses in Tynemouth, based on EPC data. The below chart shows the distribution of detached houses by size in Tynemouth, and where 55 PRESTON WOOD lies on this distribution: 89% of detached houses are smaller than 55 PRESTON WOOD, and 11% of houses are larger. Note that EPC data is not available for all properties in Tynemouth.

55 PRESTON WOOD: Plot and Title Map

55 PRESTON WOOD sits on a plot of roughly 0.123 of an acre, or 498m². The below map shows the location of 55 PRESTON WOOD, 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 55 PRESTON WOOD). 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 55 PRESTON WOOD?

55 PRESTON WOOD is located in NORTH SHIELDS, in the NE30 postcode district. The below map shows the position of No. 55 on PRESTON WOOD.