PROSPECT, PARK AVENUE, WINLATON, BLAYDON-ON-TYNE, NE21 5DE - £166,500

PROSPECT is a very small detached house of 75m², built sometime between 1900 and 1929. It was last sold for £166,500 in November 2016, which was around 26% below the average November 2016 detached price in the Gateshead local authority area. The most recent EPC inspection was August 2015, where the current energy rating was E, and the potential energy rating was B.

PROSPECT Sold Prices

Land registry data shows two sales for PROSPECT 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 PROSPECT 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
2016 3 NOV	£166,500	£223,881	26% below HPI
2002 15 AUG	£91,000	£116,295	22% below HPI

PROSPECT 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 PROSPECT sales from August 2002 and November 2016 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 2002 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2016 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is PROSPECT?

PROSPECT is 75m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 10% of detached houses in Blaydon, based on EPC data. The below chart shows the distribution of detached houses by size in Blaydon, and where PROSPECT lies on this distribution: 9% of detached houses are smaller than PROSPECT, and 90% of houses are larger. Note that EPC data is not available for all properties in Blaydon.

PROSPECT: Plot and Title Map

PROSPECT sits on a plot of roughly 0.122 of an acre, or 492m². The below map shows the location of PROSPECT, 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 PROSPECT). 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 PROSPECT?

PROSPECT is located on PARK AVENUE in WINLATON, in the NE21 postcode district. The below map shows the position of PROSPECT on PARK AVENUE.