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

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 SPEN BURN is a very small detached house of 60m², built sometime between 1991 and 1995, which could now be worth an estimated £145,492. It was last sold for £41,000 in May 1998, which was around 48% 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	£79,188	48% below HPI
1998 20 MAY	£41,500	£79,188	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, which was also at 48% below the HPI.

What might 14 SPEN BURN be worth now?

14 SPEN BURN might now be worth an estimated £145,492.

This is based on house price inflation of 254.9%, between May 1998 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 254.9% inflationary increase is applied to the most recent sale price for 14 SPEN BURN of £41,000 on 22nd May 1998. For the value to have increased from £41,000 to £145,492 over the 27 years and three months to February 2025, the following assumptions must hold true:

• The value of 14 SPEN BURN has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The May 1998 sale price of £41,000 represented a fair market value for the property.
• The size, condition, and specification of 14 SPEN BURN has not materially changed since May 1998.

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 houses in High Spen, based on EPC data. The below chart shows the distribution of detached houses houses by size in High Spen, and where 14 SPEN BURN lies on this distribution: Less than 1% of detached houses 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.