60, OVETT GARDENS, GATESHEAD, NE8 3JH - £182,500

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.

60 OVETT GARDENS is a large terraced house of 128m², built sometime between 2003 and 2006, which could now be worth an estimated £229,652. It was last sold for £182,500 in July 2007, which was around 52% above the average July 2007 terraced price in the Gateshead local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

60 OVETT GARDENS Sold Prices

Land registry data shows two sales for 60 OVETT GARDENS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Gateshead local authority area for the corresponding sale date. Both of the two 60 OVETT GARDENS 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
2007 3 JUL	£182,500	£120,340	52% above HPI
2006 30 MAR	£164,950	£105,547	56% above HPI

60 OVETT 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 two 60 OVETT GARDENS sales from March 2006 and July 2007 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 2006 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the July 2007 sale, where it falls to 52% above the HPI. The line then continues to track at 52% above the HPI.

What might 60 OVETT GARDENS be worth now?

60 OVETT GARDENS might now be worth an estimated £229,652.

This is based on house price inflation of 25.8%, between July 2007 and March 2026, 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 25.8% inflationary increase is applied to the most recent sale price for 60 OVETT GARDENS of £182,500 on 3rd July 2007. For the value to have increased from £182,500 to £229,652 over the nineteen years and four months to March 2026, the following assumptions must hold true:

• The value of 60 OVETT GARDENS has moved in line with the HPI for terraced houses in the Gateshead local authority area.
• The July 2007 sale price of £182,500 represented a fair market value for the property.
• The size, condition, and specification of 60 OVETT GARDENS has not materially changed since July 2007.

How Large is 60 OVETT GARDENS?

60 OVETT GARDENS is 128m² according to the EPC inspection conducted in June 2017. This puts it in the largest 30% 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 60 OVETT GARDENS lies on this distribution: 72% of terraced houses houses are smaller than 60 OVETT GARDENS, and 27% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

60 OVETT GARDENS: Plot and Title Map

60 OVETT GARDENS sits on a plot of roughly 0.031 of an acre, or 125m². The below map shows the location of 60 OVETT 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 60 OVETT 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 60 OVETT GARDENS?

60 OVETT GARDENS is located in GATESHEAD, in the NE8 postcode district. The below map shows the position of No. 60 on OVETT GARDENS.