5, HEATHFIELD PLACE, LOW FELL, GATESHEAD, NE9 5AS - £597,500

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.

5 HEATHFIELD PLACE is a very large detached house of 142m², built sometime between 1996 and 2002, which could now be worth an estimated £750,946. It was last sold for £597,500 in May 2020, which was around 165% above the average May 2020 detached price in the Gateshead local authority area. The most recent EPC inspection was January 2011, where the current energy rating was D, and the potential energy rating was D.

5 HEATHFIELD PLACE Sold Prices

Land registry data shows three sales for 5 HEATHFIELD PLACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the three 5 HEATHFIELD PLACE 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 22 MAY	£597,500	£225,647	165% above HPI
2011 28 APR	£542,000	£200,640	170% above HPI
2001 27 JUL	£250,000	£96,569	159% above HPI

5 HEATHFIELD PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gateshead local authority area over time, sourced from the HPI. The three 5 HEATHFIELD PLACE sales between July 2001 and May 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 April 2011 sale was for 170% above the HPI. So the extrapolation line tracks at 170% above the HPI over time, until the May 2020 sale, where it falls to 165% above the HPI. The line then continues to track at 165% above the HPI.

What might 5 HEATHFIELD PLACE be worth now?

5 HEATHFIELD PLACE might now be worth an estimated £750,946.

This is based on house price inflation of 25.7%, between May 2020 and March 2025, for 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 25.7% inflationary increase is applied to the most recent sale price for 5 HEATHFIELD PLACE of £597,500 on 22nd May 2020. For the value to have increased from £597,500 to £750,946 over the five years and two months to March 2025, the following assumptions must hold true:

• The value of 5 HEATHFIELD PLACE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The May 2020 sale price of £597,500 represented a fair market value for the property.
• The size, condition, and specification of 5 HEATHFIELD PLACE has not materially changed since May 2020.

How Large is 5 HEATHFIELD PLACE?

5 HEATHFIELD PLACE is 142m² according to the EPC inspection conducted in January 2011. This puts it in the largest 20% of detached houses houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gateshead, and where 5 HEATHFIELD PLACE lies on this distribution: 82% of detached houses houses are smaller than 5 HEATHFIELD PLACE, and 18% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

5 HEATHFIELD PLACE: Plot and Title Map

5 HEATHFIELD PLACE sits on a plot of roughly 0.121 of an acre, or 489m². The below map shows the location of 5 HEATHFIELD PLACE, 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 5 HEATHFIELD PLACE). 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 5 HEATHFIELD PLACE?

5 HEATHFIELD PLACE is located in LOW FELL, in the NE9 postcode district. The below map shows the position of No. 5 on HEATHFIELD PLACE.