245, DURHAM ROAD, GATESHEAD, NE9 5AB - £306,500

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.

245 DURHAM ROAD is a small extended semi-detached house of 96m², built sometime between 1930 and 1949, which could now be worth an estimated £341,803. It was last sold for £306,500 in March 2023, which was around 85% above the average March 2023 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was C.

245 DURHAM ROAD Sold Prices

Land registry data shows three sales for 245 DURHAM ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Gateshead local authority area for the corresponding sale date. All of the three 245 DURHAM ROAD 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
2023 13 MAR	£306,500	£165,729	85% above HPI
2018 13 JUN	£221,000	£138,586	59% above HPI
2001 18 MAY	£84,000	£52,705	59% above HPI

245 DURHAM ROAD 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 three 245 DURHAM ROAD sales between May 2001 and March 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 June 2018 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the March 2023 sale, where it rises to 85% above the HPI. The line then continues to track at 85% above the HPI.

What might 245 DURHAM ROAD be worth now?

245 DURHAM ROAD might now be worth an estimated £341,803.

This is based on house price inflation of 11.5%, between March 2023 and May 2026, 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 11.5% inflationary increase is applied to the most recent sale price for 245 DURHAM ROAD of £306,500 on 13th March 2023. For the value to have increased from £306,500 to £341,803 over the two years and ten months to May 2026, the following assumptions must hold true:

• The value of 245 DURHAM ROAD has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The March 2023 sale price of £306,500 represented a fair market value for the property.
• The size, condition, and specification of 245 DURHAM ROAD has not materially changed since March 2023.

How Large is 245 DURHAM ROAD?

245 DURHAM ROAD is 96m², which includes one extension, according to the EPC inspection conducted in August 2017. This puts it in the smallest 40% 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 245 DURHAM ROAD lies on this distribution: 36% of semi-detached houses houses are smaller than 245 DURHAM ROAD, and 63% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

245 DURHAM ROAD: Plot and Title Map

245 DURHAM ROAD sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 245 DURHAM ROAD, 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 245 DURHAM ROAD). 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 245 DURHAM ROAD?

245 DURHAM ROAD is located in GATESHEAD, in the NE9 postcode district. The below map shows the position of No. 245 on DURHAM ROAD.