8, WESTMINSTER STREET, GATESHEAD, NE8 4QE - £183,995

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.

8 WESTMINSTER STREET is a small terraced house of 98m², which could now be worth an estimated £220,345. It was last sold for £183,995 in September 2020, which was around 50% above the average September 2020 terraced price in the Gateshead local authority area. The most recent EPC inspection was September 2020, where the current energy rating was B, and the potential energy rating was A.

8 WESTMINSTER STREET Sold Prices

Land registry data shows three sales for 8 WESTMINSTER STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Gateshead local authority area for the corresponding sale date. One of the three 8 WESTMINSTER STREET sales was for above the average price, whilst two 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
2020 30 SEP	£183,995	£122,827	50% above HPI
2004 22 JUN	£58,000	£90,874	36% below HPI
1999 19 MAR	£17,000	£36,480	53% below HPI

8 WESTMINSTER STREET 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 three 8 WESTMINSTER STREET sales between March 1999 and September 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 June 2004 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the September 2020 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might 8 WESTMINSTER STREET be worth now?

8 WESTMINSTER STREET might now be worth an estimated £220,345.

This is based on house price inflation of 19.8%, between September 2020 and July 2025, 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 19.8% inflationary increase is applied to the most recent sale price for 8 WESTMINSTER STREET of £183,995 on 30th September 2020. For the value to have increased from £183,995 to £220,345 over the five years and two months to July 2025, the following assumptions must hold true:

• The value of 8 WESTMINSTER STREET has moved in line with the HPI for terraced houses in the Gateshead local authority area.
• The September 2020 sale price of £183,995 represented a fair market value for the property.
• The size, condition, and specification of 8 WESTMINSTER STREET has not materially changed since September 2020.

How Large is 8 WESTMINSTER STREET?

8 WESTMINSTER STREET is 98m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 40% 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 8 WESTMINSTER STREET lies on this distribution: 39% of terraced houses houses are smaller than 8 WESTMINSTER STREET, and 59% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

8 WESTMINSTER STREET: Plot and Title Map

8 WESTMINSTER STREET sits on a plot of roughly 0.043 of an acre, or 172m². The below map shows the location of 8 WESTMINSTER STREET, 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 8 WESTMINSTER STREET). 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 8 WESTMINSTER STREET?

8 WESTMINSTER STREET is located in GATESHEAD, in the NE8 postcode district. The below map shows the position of No. 8 on WESTMINSTER STREET.