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

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.

63 SPEN BURN is a very small extended detached house of 83m², built sometime between 1983 and 1990, which could now be worth an estimated £203,304. It was last sold for £162,000 in August 2019, which was around 31% 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	£236,117	31% below HPI
2009 24 APR	£152,500	£193,983	21% below HPI
2004 6 APR	£159,000	£169,606	6% below HPI
2000 30 NOV	£78,000	£89,781	13% below HPI
1998 27 FEB	£65,500	£77,391	15% 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 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2019 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 63 SPEN BURN be worth now?

63 SPEN BURN might now be worth an estimated £203,304.

This is based on house price inflation of 25.5%, between August 2019 and May 2026, 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 25.5% inflationary increase is applied to the most recent sale price for 63 SPEN BURN of £162,000 on 6th August 2019. For the value to have increased from £162,000 to £203,304 over the seven years and three months to May 2026, the following assumptions must hold true:

• The value of 63 SPEN BURN has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The August 2019 sale price of £162,000 represented a fair market value for the property.
• The size, condition, and specification of 63 SPEN BURN has not materially changed since August 2019.

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 10% of detached houses houses in High Spen, based on EPC data. The below chart shows the distribution of detached houses houses by size in High Spen, and where 63 SPEN BURN lies on this distribution: 6% of detached houses houses are smaller than 63 SPEN BURN, and 94% 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.