40, LANCASTER DRIVE, WALLSEND, NE28 9TE - £195,000

40 LANCASTER DRIVE is a very small extended detached house of 80m², built sometime between 1983 and 1990. It was last sold for £195,000 in July 2018, which was around 31% below the average July 2018 detached price in the North Tyneside local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was B.

40 LANCASTER DRIVE Sold Prices

Land registry data shows six sales for 40 LANCASTER DRIVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. All of the six 40 LANCASTER DRIVE sales were 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
2018 16 JUL	£195,000	£281,349	31% below HPI
2015 4 AUG	£178,000	£255,520	30% below HPI
2005 24 MAR	£165,000	£219,656	25% below HPI
2000 22 SEP	£68,500	£98,335	30% below HPI
1998 15 MAY	£59,950	£87,065	31% below HPI
1996 28 JUN	£57,000	£76,526	26% below HPI

40 LANCASTER DRIVE 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 six 40 LANCASTER DRIVE sales between June 1996 and July 2018 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 2015 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the July 2018 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 40 LANCASTER DRIVE?

40 LANCASTER DRIVE is 80m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the smallest 20% of detached houses in Wallsend, based on EPC data. The below chart shows the distribution of detached houses by size in Wallsend, and where 40 LANCASTER DRIVE lies on this distribution: 15% of detached houses are smaller than 40 LANCASTER DRIVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Wallsend.

40 LANCASTER DRIVE: Plot and Title Map

40 LANCASTER DRIVE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 40 LANCASTER 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 40 LANCASTER 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 40 LANCASTER DRIVE?

40 LANCASTER DRIVE is located in WALLSEND, in the NE28 postcode district. The below map shows the position of No. 40 on LANCASTER DRIVE.