56, BASIL WAY, SOUTH SHIELDS, NE34 8UD - £134,950

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.

56 BASIL WAY is a very small terraced house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £199,693. It was last sold for £134,950 in July 2005, which was around 34% above the average July 2005 terraced price in the South Tyneside local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

56 BASIL WAY Sold Prices

Land registry data shows three sales for 56 BASIL WAY 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 56 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
2005 25 JUL	£134,950	£100,950	34% above HPI
2002 5 APR	£66,500	£47,770	39% above HPI
1996 4 OCT	£44,500	£36,748	21% above HPI

56 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 three 56 BASIL WAY sales between October 1996 and July 2005 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 2002 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the July 2005 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 56 BASIL WAY be worth now?

56 BASIL WAY might now be worth an estimated £199,693.

This is based on house price inflation of 48%, between July 2005 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 48% inflationary increase is applied to the most recent sale price for 56 BASIL WAY of £134,950 on 25th July 2005. For the value to have increased from £134,950 to £199,693 over the twenty years and one month to June 2025, the following assumptions must hold true:

• The value of 56 BASIL WAY has moved in line with the HPI for terraced houses in the South Tyneside local authority area.
• The July 2005 sale price of £134,950 represented a fair market value for the property.
• The size, condition, and specification of 56 BASIL WAY has not materially changed since July 2005.

How Large is 56 BASIL WAY?

56 BASIL WAY is 77m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 10% 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 56 BASIL WAY lies on this distribution: 5% of terraced houses houses are smaller than 56 BASIL WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in South Shields.

56 BASIL WAY: Plot and Title Map

56 BASIL WAY sits on a plot of roughly 0.034 of an acre, or 137m². The below map shows the location of 56 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 56 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 56 BASIL WAY?

56 BASIL WAY is located in SOUTH SHIELDS, in the NE34 postcode district. The below map shows the position of No. 56 on BASIL WAY.