OTTODINI, LILY BANK, WALLSEND, NE28 7NX - £298,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

OTTODINI is a very large extended detached house of 167m², built sometime between 1930 and 1949, which could now be worth an estimated £467,008. It was last sold for £298,000 in November 2006, which was around 26% above the average November 2006 detached price in the North Tyneside local authority area. The most recent EPC inspection was April 2018, where the current energy rating was F, and the potential energy rating was D.

OTTODINI Sold Prices

Land registry data shows two sales for OTTODINI 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 OTTODINI 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
2006 27 NOV	£298,000	£236,490	26% above HPI
1997 28 APR	£130,000	£74,748	74% above HPI

OTTODINI 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 OTTODINI sales from April 1997 and November 2006 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 1997 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the November 2006 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might OTTODINI be worth now?

OTTODINI might now be worth an estimated £467,008.

This is based on house price inflation of 56.7%, between November 2006 and December 2024, 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 56.7% inflationary increase is applied to the most recent sale price for OTTODINI of £298,000 on 27th November 2006. For the value to have increased from £298,000 to £467,008 over the seventeen years and eleven months to December 2024, the following assumptions must hold true:

• The value of OTTODINI has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The November 2006 sale price of £298,000 represented a fair market value for the property.
• The size, condition, and specification of OTTODINI has not materially changed since November 2006.

How Large is OTTODINI?

OTTODINI is 167m², which includes one extension, according to the EPC inspection conducted in April 2018. 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 OTTODINI lies on this distribution: 98% of detached houses houses are smaller than OTTODINI, and 2% of houses are larger. Note that EPC data is not available for all properties in Wallsend.

OTTODINI: Plot and Title Map

OTTODINI sits on a plot of roughly 0.182 of an acre, or 738m². The below map shows the location of OTTODINI, 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 OTTODINI). 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 OTTODINI?

OTTODINI is located on LILY BANK in WALLSEND, in the NE28 postcode district. The below map shows the position of OTTODINI on LILY BANK.