40, DURHAM ROAD, GATESHEAD, NE8 4EJ - £85,000

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.

40 DURHAM ROAD is a very small flat of 44m², built sometime between 2003 and 2006, which could now be worth an estimated £88,269. It was last sold for £85,000 in June 2008, which was around 11% below the average June 2008 flat price in the Gateshead local authority area. The most recent EPC inspection was May 2009, where the current energy rating was B, and the potential energy rating was B.

40 DURHAM ROAD Sold Prices

Land registry data shows two sales for 40 DURHAM ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Gateshead local authority area for the corresponding sale date. Both of the two 40 DURHAM ROAD 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
2008 16 JUN	£85,000	£95,682	11% below HPI
2006 9 FEB	£80,000	£90,077	11% below HPI

What might 40 DURHAM ROAD be worth now?

40 DURHAM ROAD might now be worth an estimated £88,269.

This is based on house price inflation of 3.8%, between June 2008 and May 2026, for flats, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.8% inflationary increase is applied to the most recent sale price for 40 DURHAM ROAD of £85,000 on 16th June 2008. For the value to have increased from £85,000 to £88,269 over the eighteen years and one month to May 2026, the following assumptions must hold true:

• The value of 40 DURHAM ROAD has moved in line with the HPI for flats in the Gateshead local authority area.
• The June 2008 sale price of £85,000 represented a fair market value for the property.
• The size, condition, and specification of 40 DURHAM ROAD has not materially changed since June 2008.

How Large is 40 DURHAM ROAD?

40 DURHAM ROAD is 44m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 10% of flats in Gateshead, based on EPC data. 7% of flats are smaller than 40 DURHAM ROAD, and 93% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

40 DURHAM ROAD: Plot

40 DURHAM ROAD sits on a plot of roughly 0.212 of an acre, or 856m².

Where is 40 DURHAM ROAD?

40 DURHAM ROAD is located in GATESHEAD, in the NE8 postcode district.