26, LONG BANK, GATESHEAD, NE9 7HH - £265,000

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.

26 LONG BANK is a midsized extended semi-detached house of 109m², built sometime between 1900 and 1929, which could now be worth an estimated £327,290. It was last sold for £265,000 in February 2020, which was around 90% above the average February 2020 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was C.

26 LONG BANK Sold Prices

Land registry data shows two sales for 26 LONG BANK 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 26 LONG BANK 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
2020 12 FEB	£265,000	£139,736	90% above HPI
2003 8 JUL	£160,000	£88,434	81% above HPI

26 LONG BANK 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 26 LONG BANK sales from July 2003 and February 2020 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 July 2003 sale was for 81% above the HPI. So the extrapolation line tracks at 81% above the HPI over time, until the February 2020 sale, where it rises to 90% above the HPI. The line then continues to track at 90% above the HPI.

What might 26 LONG BANK be worth now?

26 LONG BANK might now be worth an estimated £327,290.

This is based on house price inflation of 23.5%, between February 2020 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 23.5% inflationary increase is applied to the most recent sale price for 26 LONG BANK of £265,000 on 12th February 2020. For the value to have increased from £265,000 to £327,290 over the five years to February 2025, the following assumptions must hold true:

• The value of 26 LONG BANK has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The February 2020 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 26 LONG BANK has not materially changed since February 2020.

How Large is 26 LONG BANK?

26 LONG BANK is 109m², which includes two extensions, according to the EPC inspection conducted in September 2019. This puts it in the largest 50% 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 26 LONG BANK lies on this distribution: 55% of semi-detached houses houses are smaller than 26 LONG BANK, and 44% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

26 LONG BANK: Plot and Title Map

26 LONG BANK sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of 26 LONG BANK, 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 26 LONG BANK). 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 26 LONG BANK?

26 LONG BANK is located in GATESHEAD, in the NE9 postcode district. The below map shows the position of No. 26 on LONG BANK.