14, SPEN BURN, HIGH SPEN, ROWLANDS GILL, NE39 2DN - £41,000

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

14 SPEN BURN is a very small detached house of 60m², built sometime between 1991 and 1995. It was last sold for £41,000 in May 1998, which was around 49% below the average May 1998 detached price in the Gateshead local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

14 SPEN BURN Sold Prices

Land registry data shows two sales for 14 SPEN BURN 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 14 SPEN BURN 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
1998 22 MAY	£41,000	£79,725	49% below HPI
1998 20 MAY	£41,500	£79,725	48% below HPI

14 SPEN BURN 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 14 SPEN BURN sales from May 1998 and May 1998 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 1998 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the May 1998 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 14 SPEN BURN?

14 SPEN BURN is 60m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% of detached houses in High Spen, based on EPC data. The below chart shows the distribution of detached houses by size in High Spen, and where 14 SPEN BURN lies on this distribution: Less than 1% of detached houses are smaller than 14 SPEN BURN, and more than 99% of houses are larger. Note that EPC data is not available for all properties in High Spen.

14 SPEN BURN: Plot and Title Map

14 SPEN BURN sits on a plot of roughly 0.039 of an acre, or 157m². The below map shows the location of 14 SPEN BURN, 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 SPEN BURN). 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 SPEN BURN?

14 SPEN BURN is located in HIGH SPEN, in the NE39 postcode district. The below map shows the position of No. 14 on SPEN BURN.