32, MERESYDE, GATESHEAD, NE10 8UL - £120,000

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.

32 MERESYDE is a small semi-detached house of 89m², built sometime between 1950 and 1966, which could now be worth an estimated £155,453. It was last sold for £120,000 in June 2016, which was around 11% below the average June 2016 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

32 MERESYDE Sold Prices

Land registry data shows three sales for 32 MERESYDE 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 32 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
2016 30 JUN	£120,000	£135,505	11% below HPI
2012 30 MAR	£98,000	£119,453	18% below HPI
2009 30 OCT	£75,000	£124,879	40% below HPI

32 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 three 32 MERESYDE sales between October 2009 and June 2016 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 March 2012 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2016 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 32 MERESYDE be worth now?

32 MERESYDE might now be worth an estimated £155,453.

This is based on house price inflation of 29.5%, between June 2016 and March 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 29.5% inflationary increase is applied to the most recent sale price for 32 MERESYDE of £120,000 on 30th June 2016. For the value to have increased from £120,000 to £155,453 over the nine years and three months to March 2025, the following assumptions must hold true:

• The value of 32 MERESYDE has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The June 2016 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 32 MERESYDE has not materially changed since June 2016.

How Large is 32 MERESYDE?

32 MERESYDE is 89m² according to the EPC inspection conducted in May 2016. 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 32 MERESYDE lies on this distribution: 29% of semi-detached houses houses are smaller than 32 MERESYDE, and 70% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

32 MERESYDE: Plot and Title Map

32 MERESYDE sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 32 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 32 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 32 MERESYDE?

32 MERESYDE is located in GATESHEAD, in the NE10 postcode district. The below map shows the position of No. 32 on MERESYDE.