123, FOREST GATE, FOREST HALL, NEWCASTLE UPON TYNE, NE12 9EL - £140,000

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.

123 FOREST GATE is a very small terraced house of 69m², built sometime between 2003 and 2006, which could now be worth an estimated £210,431. It was last sold for £140,000 in August 2015, which was around 7% above the average August 2015 terraced price in the North Tyneside local authority area. The most recent EPC inspection was March 2010, where the current energy rating was B, and the potential energy rating was B.

123 FOREST GATE Sold Prices

Land registry data shows three sales for 123 FOREST GATE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the North Tyneside local authority area for the corresponding sale date. All of the three 123 FOREST GATE 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
2015 14 AUG	£140,000	£131,307	7% above HPI
2010 6 DEC	£130,000	£119,075	9% above HPI
2005 7 FEB	£136,995	£111,039	23% above HPI

123 FOREST GATE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the North Tyneside local authority area over time, sourced from the HPI. The three 123 FOREST GATE sales between February 2005 and August 2015 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 December 2010 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the August 2015 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 123 FOREST GATE be worth now?

123 FOREST GATE might now be worth an estimated £210,431.

This is based on house price inflation of 50.3%, between August 2015 and May 2026, for terraced 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 50.3% inflationary increase is applied to the most recent sale price for 123 FOREST GATE of £140,000 on 14th August 2015. For the value to have increased from £140,000 to £210,431 over the eleven years and three months to May 2026, the following assumptions must hold true:

• The value of 123 FOREST GATE has moved in line with the HPI for terraced houses in the North Tyneside local authority area.
• The August 2015 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 123 FOREST GATE has not materially changed since August 2015.

How Large is 123 FOREST GATE?

123 FOREST GATE is 69m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 10% of terraced houses houses in Longbenton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Longbenton, and where 123 FOREST GATE lies on this distribution: 1% of terraced houses houses are smaller than 123 FOREST GATE, and 99% of houses are larger. Note that EPC data is not available for all properties in Longbenton.

123 FOREST GATE: Plot and Title Map

123 FOREST GATE sits on a plot of roughly 0.026 of an acre, or 105m². The below map shows the location of 123 FOREST GATE, 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 123 FOREST GATE). 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 123 FOREST GATE?

123 FOREST GATE is located in FOREST HALL, in the NE12 postcode district. The below map shows the position of No. 123 on FOREST GATE.