40, KELVIN GARDENS, GATESHEAD, NE11 9EX - £79,950

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 KELVIN GARDENS is a very small terraced house of 68m², built sometime between 1930 and 1949, which could now be worth an estimated £89,387. It was last sold for £79,950 in June 2021, which was around 38% below the average June 2021 terraced price in the Gateshead local authority area. The most recent EPC inspection was March 2011, where the current energy rating was C, and the potential energy rating was C.

40 KELVIN GARDENS Sold Prices

Land registry data shows four sales for 40 KELVIN GARDENS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Gateshead local authority area for the corresponding sale date. All of the four 40 KELVIN GARDENS 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
2021 7 JUN	£79,950	£128,726	38% below HPI
2019 24 JUN	£66,000	£119,257	45% below HPI
2017 9 NOV	£60,000	£115,720	48% below HPI
2000 10 FEB	£21,000	£38,643	46% below HPI

40 KELVIN GARDENS Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Gateshead local authority area over time, sourced from the HPI. The four 40 KELVIN GARDENS sales between February 2000 and June 2021 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 2019 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the June 2021 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 40 KELVIN GARDENS be worth now?

40 KELVIN GARDENS might now be worth an estimated £89,387.

This is based on house price inflation of 11.8%, between June 2021 and June 2025, for terraced 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 11.8% inflationary increase is applied to the most recent sale price for 40 KELVIN GARDENS of £79,950 on 7th June 2021. For the value to have increased from £79,950 to £89,387 over the four years to June 2025, the following assumptions must hold true:

• The value of 40 KELVIN GARDENS has moved in line with the HPI for terraced houses in the Gateshead local authority area.
• The June 2021 sale price of £79,950 represented a fair market value for the property.
• The size, condition, and specification of 40 KELVIN GARDENS has not materially changed since June 2021.

How Large is 40 KELVIN GARDENS?

40 KELVIN GARDENS is 68m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 10% of terraced houses houses in Gateshead, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Gateshead, and where 40 KELVIN GARDENS lies on this distribution: 6% of terraced houses houses are smaller than 40 KELVIN GARDENS, and 94% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

40 KELVIN GARDENS: Plot and Title Map

40 KELVIN GARDENS sits on a plot of roughly 0.019 of an acre, or 78m². The below map shows the location of 40 KELVIN GARDENS, 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 40 KELVIN GARDENS). 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 40 KELVIN GARDENS?

40 KELVIN GARDENS is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 40 on KELVIN GARDENS.