63, SPEN BURN, HIGH SPEN, ROWLANDS GILL, NE39 2DN - £162,000

63 SPEN BURN is a very small extended detached house of 83m², built sometime between 1983 and 1990. It was last sold for £162,000 in August 2019, which was around 32% below the average August 2019 detached price in the Gateshead local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was C.

63 SPEN BURN Sold Prices

Land registry data shows five sales for 63 SPEN BURN since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the five 63 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
2019 6 AUG	£162,000	£237,717	32% below HPI
2009 24 APR	£152,500	£195,297	22% below HPI
2004 6 APR	£159,000	£170,755	7% below HPI
2000 30 NOV	£78,000	£90,389	14% below HPI
1998 27 FEB	£65,500	£77,915	16% below HPI

63 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 five 63 SPEN BURN sales between February 1998 and August 2019 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 2009 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the August 2019 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 63 SPEN BURN?

63 SPEN BURN is 83m², which includes two extensions, according to the EPC inspection conducted in March 2019. This puts it in the smallest 20% 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 63 SPEN BURN lies on this distribution: 15% of detached houses are smaller than 63 SPEN BURN, and 85% of houses are larger. Note that EPC data is not available for all properties in High Spen.

63 SPEN BURN: Plot and Title Map

63 SPEN BURN sits on a plot of roughly 0.107 of an acre, or 434m². The below map shows the location of 63 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 63 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 63 SPEN BURN?

63 SPEN BURN is located in HIGH SPEN, in the NE39 postcode district. The below map shows the position of No. 63 on SPEN BURN.