1, CORMORANT DRIVE, GATESHEAD, NE11 9LF - £102,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 CORMORANT DRIVE is a very small detached house of 64m², built sometime between 1991 and 1995. It was last sold for £102,500 in December 2006, which was around 52% below the average December 2006 detached price in the Gateshead local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was C.

1 CORMORANT DRIVE Sold Prices

Land registry data shows two sales for 1 CORMORANT DRIVE 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 1 CORMORANT DRIVE 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
2006 19 DEC	£102,500	£213,735	52% below HPI
2003 28 FEB	£89,950	£122,398	27% below HPI

1 CORMORANT DRIVE 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 1 CORMORANT DRIVE sales from February 2003 and December 2006 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 February 2003 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the December 2006 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is 1 CORMORANT DRIVE?

1 CORMORANT DRIVE is 64m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 10% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 1 CORMORANT DRIVE lies on this distribution: 5% of detached houses are smaller than 1 CORMORANT DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

1 CORMORANT DRIVE: Plot and Title Map

1 CORMORANT DRIVE sits on a plot of roughly 0.188 of an acre, or 763m². The below map shows the location of 1 CORMORANT DRIVE, 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 1 CORMORANT DRIVE). 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 1 CORMORANT DRIVE?

1 CORMORANT DRIVE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 1 on CORMORANT DRIVE.