1, GREENACRE PARK, GATESHEAD, NE9 6HF - £425,000

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.

1 GREENACRE PARK is a very large detached house of 152m², built sometime between 1967 and 1975, which could now be worth an estimated £575,874. It was last sold for £425,000 in June 2015, which was around 105% above the average June 2015 detached price in the Gateshead local authority area. The most recent EPC inspection was June 2014, where the current energy rating was C, and the potential energy rating was C.

1 GREENACRE PARK Sold Prices

Land registry data shows two sales for 1 GREENACRE PARK 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 GREENACRE PARK 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 19 JUN	£425,000	£207,385	105% above HPI
2009 30 MAR	£232,000	£193,654	20% above HPI

1 GREENACRE PARK 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 GREENACRE PARK sales from March 2009 and June 2015 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 March 2009 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the June 2015 sale, where it rises to 105% above the HPI. The line then continues to track at 105% above the HPI.

What might 1 GREENACRE PARK be worth now?

1 GREENACRE PARK might now be worth an estimated £575,874.

This is based on house price inflation of 35.5%, between June 2015 and February 2025, for detached houses, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.5% inflationary increase is applied to the most recent sale price for 1 GREENACRE PARK of £425,000 on 19th June 2015. For the value to have increased from £425,000 to £575,874 over the ten years and four months to February 2025, the following assumptions must hold true:

• The value of 1 GREENACRE PARK has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The June 2015 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 1 GREENACRE PARK has not materially changed since June 2015.

How Large is 1 GREENACRE PARK?

1 GREENACRE PARK is 152m² according to the EPC inspection conducted in June 2014. This puts it in the largest 20% of detached houses houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gateshead, and where 1 GREENACRE PARK lies on this distribution: 85% of detached houses houses are smaller than 1 GREENACRE PARK, and 14% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

1 GREENACRE PARK: Plot and Title Map

1 GREENACRE PARK sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 1 GREENACRE PARK, 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 GREENACRE PARK). 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 GREENACRE PARK?

1 GREENACRE PARK is located in GATESHEAD, in the NE9 postcode district. The below map shows the position of No. 1 on GREENACRE PARK.