3, MEADOWFIELD, GATESHEAD, NE9 7QL - £280,000

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.

3 MEADOWFIELD is a small extended terraced house of 91m², built sometime between 1967 and 1975, which could now be worth an estimated £318,113. It was last sold for £280,000 in February 2022, which was around 153% above the average February 2022 terraced price in the Sunderland local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

3 MEADOWFIELD Sold Prices

Land registry data shows three sales for 3 MEADOWFIELD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Sunderland local authority area for the corresponding sale date. All of the three 3 MEADOWFIELD 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
2022 18 FEB	£280,000	£110,464	153% above HPI
2020 27 NOV	£165,000	£95,680	72% above HPI
1995 23 JUN	£50,500	£31,054	63% above HPI

3 MEADOWFIELD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Sunderland local authority area over time, sourced from the HPI. The three 3 MEADOWFIELD sales between June 1995 and February 2022 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 November 2020 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the February 2022 sale, where it rises to 153% above the HPI. The line then continues to track at 153% above the HPI.

What might 3 MEADOWFIELD be worth now?

3 MEADOWFIELD might now be worth an estimated £318,113.

This is based on house price inflation of 13.6%, between February 2022 and April 2026, for terraced houses, in the Sunderland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.6% inflationary increase is applied to the most recent sale price for 3 MEADOWFIELD of £280,000 on 18th February 2022. For the value to have increased from £280,000 to £318,113 over the three years and ten months to April 2026, the following assumptions must hold true:

• The value of 3 MEADOWFIELD has moved in line with the HPI for terraced houses in the Sunderland local authority area.
• The February 2022 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MEADOWFIELD has not materially changed since February 2022.

How Large is 3 MEADOWFIELD?

3 MEADOWFIELD is 91m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 30% of terraced houses houses in Springwell, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Springwell, and where 3 MEADOWFIELD lies on this distribution: 27% of terraced houses houses are smaller than 3 MEADOWFIELD, and 71% of houses are larger. Note that EPC data is not available for all properties in Springwell.

3 MEADOWFIELD: Plot and Title Map

3 MEADOWFIELD sits on a plot of roughly 0.043 of an acre, or 173m². The below map shows the location of 3 MEADOWFIELD, 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 3 MEADOWFIELD). 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 3 MEADOWFIELD?

3 MEADOWFIELD is located in GATESHEAD, in the NE9 postcode district. The below map shows the position of No. 3 on MEADOWFIELD.