OLD SCHOOL HOUSE, CHAPEL LANE, WHITLEY BAY, NE25 8AD - £295,000

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.

OLD SCHOOL HOUSE is a midsized extended detached house of 136m², built sometime between 1900 and 1929, which could now be worth an estimated £387,873. It was last sold for £295,000 in March 2020, which was around 4% above the average March 2020 detached price in the North Tyneside local authority area. The most recent EPC inspection was December 2018, where the current energy rating was D, and the potential energy rating was B.

OLD SCHOOL HOUSE Sold Prices

Land registry data shows two sales for OLD SCHOOL HOUSE 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. One of the two OLD SCHOOL HOUSE 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
2020 20 MAR	£295,000	£283,412	4% above HPI
2006 24 JAN	£166,347	£225,059	26% below HPI

OLD SCHOOL HOUSE 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 OLD SCHOOL HOUSE sales from January 2006 and March 2020 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 2006 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the March 2020 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might OLD SCHOOL HOUSE be worth now?

OLD SCHOOL HOUSE might now be worth an estimated £387,873.

This is based on house price inflation of 31.5%, between March 2020 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 31.5% inflationary increase is applied to the most recent sale price for OLD SCHOOL HOUSE of £295,000 on 20th March 2020. For the value to have increased from £295,000 to £387,873 over the five years and one month to February 2025, the following assumptions must hold true:

• The value of OLD SCHOOL HOUSE has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The March 2020 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of OLD SCHOOL HOUSE has not materially changed since March 2020.

How Large is OLD SCHOOL HOUSE?

OLD SCHOOL HOUSE is 136m², which includes one extension, according to the EPC inspection conducted in December 2018. This puts it in the largest 50% of detached houses houses in Whitley Bay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Whitley Bay, and where OLD SCHOOL HOUSE lies on this distribution: 54% of detached houses houses are smaller than OLD SCHOOL HOUSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Whitley Bay.

OLD SCHOOL HOUSE: Plot and Title Map

OLD SCHOOL HOUSE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of OLD SCHOOL HOUSE, 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 OLD SCHOOL HOUSE). 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 OLD SCHOOL HOUSE?

OLD SCHOOL HOUSE is located on CHAPEL LANE in WHITLEY BAY, in the NE25 postcode district. The below map shows the position of OLD SCHOOL HOUSE on CHAPEL LANE.