15, CEDAR DRIVE, JARROW, NE32 4BF - £112,500

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.

15 CEDAR DRIVE is a very small extended terraced house of 59m², built sometime between 1996 and 2002, which could now be worth an estimated £159,683. It was last sold for £112,500 in June 2017, which was around 5% above the average June 2017 terraced price in the South Tyneside local authority area. The most recent EPC inspection was September 2010, where the current energy rating was C, and the potential energy rating was C.

15 CEDAR DRIVE Sold Prices

Land registry data shows three sales for 15 CEDAR DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the South Tyneside local authority area for the corresponding sale date. All of the three 15 CEDAR DRIVE 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
2017 21 JUN	£112,500	£106,957	5% above HPI
2006 11 AUG	£120,000	£113,001	6% above HPI
2004 29 JAN	£79,950	£79,263	1% above HPI

15 CEDAR DRIVE 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 three 15 CEDAR DRIVE sales between January 2004 and June 2017 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 August 2006 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the June 2017 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 15 CEDAR DRIVE be worth now?

15 CEDAR DRIVE might now be worth an estimated £159,683.

This is based on house price inflation of 41.9%, between June 2017 and May 2026, 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 41.9% inflationary increase is applied to the most recent sale price for 15 CEDAR DRIVE of £112,500 on 21st June 2017. For the value to have increased from £112,500 to £159,683 over the nine years and one month to May 2026, the following assumptions must hold true:

• The value of 15 CEDAR DRIVE has moved in line with the HPI for terraced houses in the South Tyneside local authority area.
• The June 2017 sale price of £112,500 represented a fair market value for the property.
• The size, condition, and specification of 15 CEDAR DRIVE has not materially changed since June 2017.

How Large is 15 CEDAR DRIVE?

15 CEDAR DRIVE is 59m², which includes one extension, according to the EPC inspection conducted in September 2010. This puts it in the smallest 10% of terraced houses houses in Jarrow, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Jarrow, and where 15 CEDAR DRIVE lies on this distribution: 1% of terraced houses houses are smaller than 15 CEDAR DRIVE, and 99% of houses are larger. Note that EPC data is not available for all properties in Jarrow.

15 CEDAR DRIVE: Plot and Title Map

15 CEDAR DRIVE sits on a plot of roughly 0.035 of an acre, or 142m². The below map shows the location of 15 CEDAR DRIVE, 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 15 CEDAR DRIVE). 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 15 CEDAR DRIVE?

15 CEDAR DRIVE is located in JARROW, in the NE32 postcode district. The below map shows the position of No. 15 on CEDAR DRIVE.