116, BASIL WAY, SOUTH SHIELDS, NE34 8UF - £170,000

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.

116 BASIL WAY is a very small extended terraced house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £181,812. It was last sold for £170,000 in June 2024, which was around 22% above the average June 2024 terraced price in the South Tyneside local authority area. The most recent EPC inspection was December 2023, where the current energy rating was C, and the potential energy rating was B.

116 BASIL WAY Sold Prices

Land registry data shows four sales for 116 BASIL WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the South Tyneside local authority area for the corresponding sale date. All of the four 116 BASIL WAY 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
2024 28 JUN	£170,000	£139,676	22% above HPI
2024 5 JAN	£185,000	£135,626	36% above HPI
2021 29 JUL	£145,000	£126,889	14% above HPI
2007 8 JUN	£145,500	£117,482	24% above HPI

116 BASIL WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the South Tyneside local authority area over time, sourced from the HPI. The four 116 BASIL WAY sales between June 2007 and June 2024 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 2024 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the June 2024 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 116 BASIL WAY be worth now?

116 BASIL WAY might now be worth an estimated £181,812.

This is based on house price inflation of 6.9%, between June 2024 and June 2025, for terraced houses, in the South Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.9% inflationary increase is applied to the most recent sale price for 116 BASIL WAY of £170,000 on 28th June 2024. For the value to have increased from £170,000 to £181,812 over the one year to June 2025, the following assumptions must hold true:

• The value of 116 BASIL WAY has moved in line with the HPI for terraced houses in the South Tyneside local authority area.
• The June 2024 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 116 BASIL WAY has not materially changed since June 2024.

How Large is 116 BASIL WAY?

116 BASIL WAY is 82m², which includes one extension, according to the EPC inspection conducted in December 2023. This puts it in the smallest 20% of terraced houses houses in South Shields, based on EPC data. The below chart shows the distribution of terraced houses houses by size in South Shields, and where 116 BASIL WAY lies on this distribution: 12% of terraced houses houses are smaller than 116 BASIL WAY, and 87% of houses are larger. Note that EPC data is not available for all properties in South Shields.

116 BASIL WAY: Plot and Title Map

116 BASIL WAY sits on a plot of roughly 0.051 of an acre, or 206m². The below map shows the location of 116 BASIL WAY, 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 116 BASIL WAY). 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 116 BASIL WAY?

116 BASIL WAY is located in SOUTH SHIELDS, in the NE34 postcode district. The below map shows the position of No. 116 on BASIL WAY.