7, PRESTON WOOD, NORTH SHIELDS, NE30 3LT - £305,000

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

7 PRESTON WOOD is a large extended detached house of 140m², built sometime between 1983 and 1990. It was last sold for £305,000 in April 2014, which was around 23% above the average April 2014 detached price in the North Tyneside local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

7 PRESTON WOOD Sold Prices

Land registry data shows two sales for 7 PRESTON WOOD 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 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
2014 29 APR	£305,000	£248,148	23% above HPI
1997 25 JUL	£150,000	£83,457	80% above HPI

7 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 two 7 PRESTON WOOD sales from July 1997 and April 2014 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 July 1997 sale was for 80% above the HPI. So the extrapolation line tracks at 80% above the HPI over time, until the April 2014 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is 7 PRESTON WOOD?

7 PRESTON WOOD is 140m², which includes two extensions, according to the EPC inspection conducted in January 2014. This puts it in the largest 30% of detached houses in Tynemouth, based on EPC data. The below chart shows the distribution of detached houses by size in Tynemouth, and where 7 PRESTON WOOD lies on this distribution: 78% of detached houses are smaller than 7 PRESTON WOOD, and 22% of houses are larger. Note that EPC data is not available for all properties in Tynemouth.

7 PRESTON WOOD: Plot and Title Map

7 PRESTON WOOD sits on a plot of roughly 8.3 acres, or 33,496m². The below map shows the location of 7 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 7 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 7 PRESTON WOOD?

7 PRESTON WOOD is located in NORTH SHIELDS, in the NE30 postcode district. The below map shows the position of No. 7 on PRESTON WOOD.