56, DURHAM ROAD, GATESHEAD, NE8 4EJ - £109,995

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.

56 DURHAM ROAD is a small flat of 57m², built sometime between 2003 and 2006, which could now be worth an estimated £124,094. It was last sold for £109,995 in December 2005, which was around 25% above the average December 2005 flat price in the Gateshead local authority area. The most recent EPC inspection was May 2010, where the current energy rating was B, and the potential energy rating was B.

56 DURHAM ROAD Sold Prices

Land registry data shows one sale for 56 DURHAM ROAD since 1^st January 1995. The below table shows the price paid for the one sale, along with the average flat price in the Gateshead local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2005 4 DEC	£109,995	£88,073	25% above HPI

What might 56 DURHAM ROAD be worth now?

56 DURHAM ROAD might now be worth an estimated £124,094.

This is based on house price inflation of 12.8%, between December 2005 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 12.8% inflationary increase is applied to the most recent sale price for 56 DURHAM ROAD of £109,995 on 4th December 2005. For the value to have increased from £109,995 to £124,094 over the 21 years and seven months to May 2026, the following assumptions must hold true:

• The value of 56 DURHAM ROAD has moved in line with the HPI for flats in the Gateshead local authority area.
• The December 2005 sale price of £109,995 represented a fair market value for the property.
• The size, condition, and specification of 56 DURHAM ROAD has not materially changed since December 2005.

How Large is 56 DURHAM ROAD?

56 DURHAM ROAD is 57m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 30% of flats in Gateshead, based on EPC data. 25% of flats are smaller than 56 DURHAM ROAD, and 72% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

56 DURHAM ROAD: Plot

56 DURHAM ROAD sits on a plot of roughly 0.212 of an acre, or 856m².

Where is 56 DURHAM ROAD?

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