12, PARK AVENUE, GATESHEAD, NE11 9QE - £317,000

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

12 PARK AVENUE is a very small detached house of 80m², built sometime between 1930 and 1949. It was last sold for £317,000 in September 2022, which was around 15% above the average September 2022 detached price in the Gateshead local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

12 PARK AVENUE Sold Prices

Land registry data shows two sales for 12 PARK AVENUE 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 12 PARK AVENUE 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
2022 29 SEP	£317,000	£275,193	15% above HPI
2004 5 APR	£173,000	£170,755	1% above HPI

12 PARK AVENUE 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 12 PARK AVENUE sales from April 2004 and September 2022 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 April 2004 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2022 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 12 PARK AVENUE?

12 PARK AVENUE is 80m² according to the EPC inspection conducted in June 2022. 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 12 PARK AVENUE lies on this distribution: 16% of detached houses are smaller than 12 PARK AVENUE, and 82% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

12 PARK AVENUE: Plot and Title Map

12 PARK AVENUE sits on a plot of roughly 0.130 of an acre, or 526m². The below map shows the location of 12 PARK AVENUE, 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 12 PARK AVENUE). 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 12 PARK AVENUE?

12 PARK AVENUE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 12 on PARK AVENUE.