42, DURHAM ROAD, GATESHEAD, NE8 4EJ - £118,000

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.

42 DURHAM ROAD is a flat, which could now be worth an estimated £146,425. It was last sold for £118,000 in December 2015, which was around 47% above the average December 2015 flat price in the Gateshead local authority area.

42 DURHAM ROAD Sold Prices

Land registry data shows two sales for 42 DURHAM ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Gateshead local authority area for the corresponding sale date. Both of the two 42 DURHAM ROAD 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
2015 18 DEC	£118,000	£80,073	47% above HPI
2005 2 DEC	£109,995	£88,073	25% above HPI

What might 42 DURHAM ROAD be worth now?

42 DURHAM ROAD might now be worth an estimated £146,425.

This is based on house price inflation of 24.1%, between December 2015 and May 2026, for flats, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.1% inflationary increase is applied to the most recent sale price for 42 DURHAM ROAD of £118,000 on 18th December 2015. For the value to have increased from £118,000 to £146,425 over the eleven years and seven months to May 2026, the following assumptions must hold true:

• The value of 42 DURHAM ROAD has moved in line with the HPI for flats in the Gateshead local authority area.
• The December 2015 sale price of £118,000 represented a fair market value for the property.
• The size, condition, and specification of 42 DURHAM ROAD has not materially changed since December 2015.

Where is 42 DURHAM ROAD?

42 DURHAM ROAD is located in GATESHEAD, in the NE8 postcode district.