123, MERESYDE, GATESHEAD, NE10 8PE - £160,000

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 MERESYDE is a small extended semi-detached house of 85m², built sometime between 1950 and 1966, which could now be worth an estimated £161,310. It was last sold for £160,000 in August 2023, which was around 7% below the average August 2023 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was C.

123 MERESYDE Sold Prices

Land registry data shows two sales for 123 MERESYDE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Gateshead local authority area for the corresponding sale date. Both of the two 123 MERESYDE 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
2023 23 AUG	£160,000	£171,180	7% below HPI
2005 15 APR	£95,000	£114,187	17% below HPI

123 MERESYDE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Gateshead local authority area over time, sourced from the HPI. The two 123 MERESYDE sales from April 2005 and August 2023 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 2005 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the August 2023 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 123 MERESYDE be worth now?

123 MERESYDE might now be worth an estimated £161,310.

This is based on house price inflation of 0.8%, between August 2023 and February 2025, for semi-detached houses, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.8% inflationary increase is applied to the most recent sale price for 123 MERESYDE of £160,000 on 23rd August 2023. For the value to have increased from £160,000 to £161,310 over the two years and six months to February 2025, the following assumptions must hold true:

• The value of 123 MERESYDE has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The August 2023 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 123 MERESYDE has not materially changed since August 2023.

How Large is 123 MERESYDE?

123 MERESYDE is 85m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the smallest 30% of semi-detached houses houses in Gateshead, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Gateshead, and where 123 MERESYDE lies on this distribution: 23% of semi-detached houses houses are smaller than 123 MERESYDE, and 77% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

123 MERESYDE: Plot and Title Map

123 MERESYDE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 123 MERESYDE, 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 MERESYDE). 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 MERESYDE?

123 MERESYDE is located in GATESHEAD, in the NE10 postcode district. The below map shows the position of No. 123 on MERESYDE.