7, THE COVERS, WALLSEND, NE28 7QQ - £377,500

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 THE COVERS is a very large detached house of 143m², built sometime between 1996 and 2002, which could now be worth an estimated £456,504. It was last sold for £377,500 in September 2021, which was around 23% above the average September 2021 detached price in the North Tyneside local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was B.

7 THE COVERS Sold Prices

Land registry data shows four sales for 7 THE COVERS 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 7 THE COVERS 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 30 SEP	£377,500	£308,147	23% above HPI
2004 23 APR	£296,000	£191,353	55% above HPI
2002 12 JUL	£203,000	£127,313	59% above HPI
2000 26 MAY	£156,750	£91,596	71% above HPI

7 THE COVERS 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 7 THE COVERS sales between May 2000 and September 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 April 2004 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the September 2021 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 7 THE COVERS be worth now?

7 THE COVERS might now be worth an estimated £456,504.

This is based on house price inflation of 20.9%, between September 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 20.9% inflationary increase is applied to the most recent sale price for 7 THE COVERS of £377,500 on 30th September 2021. For the value to have increased from £377,500 to £456,504 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 7 THE COVERS has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The September 2021 sale price of £377,500 represented a fair market value for the property.
• The size, condition, and specification of 7 THE COVERS has not materially changed since September 2021.

How Large is 7 THE COVERS?

7 THE COVERS is 143m² according to the EPC inspection conducted in November 2013. This puts it in the largest 10% of detached houses houses in Wallsend, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wallsend, and where 7 THE COVERS lies on this distribution: 93% of detached houses houses are smaller than 7 THE COVERS, and 6% of houses are larger. Note that EPC data is not available for all properties in Wallsend.

7 THE COVERS: Plot and Title Map

7 THE COVERS sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of 7 THE COVERS, 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 THE COVERS). 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 THE COVERS?

7 THE COVERS is located in WALLSEND, in the NE28 postcode district. The below map shows the position of No. 7 on THE COVERS.