1, NETHERFARM ROAD, GATESHEAD, NE10 0YR - £250,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 NETHERFARM ROAD is a very small detached house of 78m², built sometime between 1967 and 1975. It was last sold for £250,000 in June 2024, which was around 11% below the average June 2024 detached price in the Gateshead local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

1 NETHERFARM ROAD Sold Prices

Land registry data shows three sales for 1 NETHERFARM ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the three 1 NETHERFARM ROAD 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
2024 21 JUN	£250,000	£282,314	11% below HPI
2010 25 MAY	£182,000	£200,176	9% below HPI
1998 17 NOV	£76,000	£79,723	5% below HPI

1 NETHERFARM ROAD 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 three 1 NETHERFARM ROAD sales between November 1998 and June 2024 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 May 2010 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2024 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 1 NETHERFARM ROAD?

1 NETHERFARM ROAD is 78m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 20% 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 NETHERFARM ROAD lies on this distribution: 14% of detached houses are smaller than 1 NETHERFARM ROAD, and 85% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

1 NETHERFARM ROAD: Plot and Title Map

1 NETHERFARM ROAD sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of 1 NETHERFARM ROAD, 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 NETHERFARM ROAD). 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 NETHERFARM ROAD?

1 NETHERFARM ROAD is located in GATESHEAD, in the NE10 postcode district. The below map shows the position of No. 1 on NETHERFARM ROAD.