14, FAIRHAVEN, SPRINGWELL, GATESHEAD, NE9 7QZ - £247,000

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.

14 FAIRHAVEN is a very small semi-detached house of 82m², built sometime between 1991 and 1995, which could now be worth an estimated £329,807. It was last sold for £247,000 in July 2018, which was around 118% above the average July 2018 semi-detached price in the Sunderland local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

14 FAIRHAVEN Sold Prices

Land registry data shows three sales for 14 FAIRHAVEN since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Sunderland local authority area for the corresponding sale date. All of the three 14 FAIRHAVEN 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
2018 12 JUL	£247,000	£113,398	118% above HPI
2005 30 SEP	£250,000	£113,900	119% above HPI
2004 22 MAY	£875,000	£90,259	869% above HPI

14 FAIRHAVEN Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Sunderland local authority area over time, sourced from the HPI. The three 14 FAIRHAVEN sales between May 2004 and July 2018 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 September 2005 sale was for 119% above the HPI. So the extrapolation line tracks at 119% above the HPI over time, until the July 2018 sale, where it falls to 118% above the HPI. The line then continues to track at 118% above the HPI.

What might 14 FAIRHAVEN be worth now?

14 FAIRHAVEN might now be worth an estimated £329,807.

This is based on house price inflation of 33.5%, between July 2018 and February 2025, for semi-detached houses, in the Sunderland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.5% inflationary increase is applied to the most recent sale price for 14 FAIRHAVEN of £247,000 on 12th July 2018. For the value to have increased from £247,000 to £329,807 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of 14 FAIRHAVEN has moved in line with the HPI for semi-detached houses in the Sunderland local authority area.
• The July 2018 sale price of £247,000 represented a fair market value for the property.
• The size, condition, and specification of 14 FAIRHAVEN has not materially changed since July 2018.

How Large is 14 FAIRHAVEN?

14 FAIRHAVEN is 82m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 20% of semi-detached houses houses in Springwell, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Springwell, and where 14 FAIRHAVEN lies on this distribution: 19% of semi-detached houses houses are smaller than 14 FAIRHAVEN, and 80% of houses are larger. Note that EPC data is not available for all properties in Springwell.

14 FAIRHAVEN: Plot and Title Map

14 FAIRHAVEN sits on a plot of roughly 0.150 of an acre, or 608m². The below map shows the location of 14 FAIRHAVEN, 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 14 FAIRHAVEN). 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 14 FAIRHAVEN?

14 FAIRHAVEN is located in SPRINGWELL, in the NE9 postcode district. The below map shows the position of No. 14 on FAIRHAVEN.