7, FAIRWAY LANE, BACKWORTH, NEWCASTLE UPON TYNE, NE27 0XN - £440,000

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.

7 FAIRWAY LANE is a very large detached house of 166m², which could now be worth an estimated £537,867. It was last sold for £440,000 in May 2021, which was around 44% above the average May 2021 detached price in the North Tyneside local authority area. The most recent EPC inspection was May 2018, where the current energy rating was B, and the potential energy rating was A.

7 FAIRWAY LANE Sold Prices

Land registry data shows two sales for 7 FAIRWAY LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. Both of the two 7 FAIRWAY LANE 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
2021 7 MAY	£440,000	£304,834	44% above HPI
2018 31 MAY	£384,950	£274,210	40% above HPI

7 FAIRWAY LANE 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 two 7 FAIRWAY LANE sales from May 2018 and May 2021 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 May 2018 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the May 2021 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might 7 FAIRWAY LANE be worth now?

7 FAIRWAY LANE might now be worth an estimated £537,867.

This is based on house price inflation of 22.2%, between May 2021 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 22.2% inflationary increase is applied to the most recent sale price for 7 FAIRWAY LANE of £440,000 on 7th May 2021. For the value to have increased from £440,000 to £537,867 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 7 FAIRWAY LANE has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The May 2021 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of 7 FAIRWAY LANE has not materially changed since May 2021.

How Large is 7 FAIRWAY LANE?

7 FAIRWAY LANE is 166m² according to the EPC inspection conducted in May 2018. This puts it in the largest 10% of detached houses houses in Backworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Backworth, and where 7 FAIRWAY LANE lies on this distribution: 89% of detached houses houses are smaller than 7 FAIRWAY LANE, and 9% of houses are larger. Note that EPC data is not available for all properties in Backworth.

7 FAIRWAY LANE: Plot and Title Map

7 FAIRWAY LANE sits on a plot of roughly 0.106 of an acre, or 427m². The below map shows the location of 7 FAIRWAY LANE, 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 7 FAIRWAY LANE). 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 7 FAIRWAY LANE?

7 FAIRWAY LANE is located in BACKWORTH, in the NE27 postcode district. The below map shows the position of No. 7 on FAIRWAY LANE.