61, KELLS LANE, GATESHEAD, NE9 5SJ - £98,000

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.

61 KELLS LANE is a small flat of 59m², built sometime between 1900 and 1929, which could now be worth an estimated £114,424. It was last sold for £98,000 in December 2009, which was around 18% above the average December 2009 flat price in the Gateshead local authority area. The most recent EPC inspection was March 2009, where the current energy rating was C, and the potential energy rating was C.

61 KELLS LANE Sold Prices

Land registry data shows two sales for 61 KELLS LANE 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 61 KELLS LANE 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
2009 15 DEC	£98,000	£83,025	18% above HPI
1997 5 SEP	£36,700	£29,336	25% above HPI

What might 61 KELLS LANE be worth now?

61 KELLS LANE might now be worth an estimated £114,424.

This is based on house price inflation of 16.8%, between December 2009 and March 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 16.8% inflationary increase is applied to the most recent sale price for 61 KELLS LANE of £98,000 on 15th December 2009. For the value to have increased from £98,000 to £114,424 over the seventeen years and nine months to March 2026, the following assumptions must hold true:

• The value of 61 KELLS LANE has moved in line with the HPI for flats in the Gateshead local authority area.
• The December 2009 sale price of £98,000 represented a fair market value for the property.
• The size, condition, and specification of 61 KELLS LANE has not materially changed since December 2009.

How Large is 61 KELLS LANE?

61 KELLS LANE is 59m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 40% of flats in Gateshead, based on EPC data. 33% of flats are smaller than 61 KELLS LANE, and 67% of flats are larger. Note that EPC data is not available for all properties in Gateshead.

61 KELLS LANE: Plot

61 KELLS LANE sits on a plot of roughly 0.040 of an acre, or 160m².

Where is 61 KELLS LANE?

61 KELLS LANE is located in GATESHEAD, in the NE9 postcode district.