54, SPEN BURN, HIGH SPEN, ROWLANDS GILL, NE39 2DN - £220,000

54 SPEN BURN is a small detached house of 100m², built sometime between 1983 and 1990. It was last sold for £220,000 in March 2021, which was around 11% below the average March 2021 detached price in the Gateshead local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

54 SPEN BURN Sold Prices

Land registry data shows two sales for 54 SPEN BURN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. Both of the two 54 SPEN BURN 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 10 MAR	£220,000	£248,445	11% below HPI
2005 26 AUG	£196,500	£205,609	4% below HPI

54 SPEN BURN 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 two 54 SPEN BURN sales from August 2005 and March 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 August 2005 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the March 2021 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 54 SPEN BURN?

54 SPEN BURN is 100m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 40% of detached houses in High Spen, based on EPC data. The below chart shows the distribution of detached houses by size in High Spen, and where 54 SPEN BURN lies on this distribution: 36% of detached houses are smaller than 54 SPEN BURN, and 62% of houses are larger. Note that EPC data is not available for all properties in High Spen.

54 SPEN BURN: Plot and Title Map

54 SPEN BURN sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 54 SPEN BURN, 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 54 SPEN BURN). 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 54 SPEN BURN?

54 SPEN BURN is located in HIGH SPEN, in the NE39 postcode district. The below map shows the position of No. 54 on SPEN BURN.