15, WESTMINSTER DRIVE, GATESHEAD, NE11 9PU - £232,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

15 WESTMINSTER DRIVE is a midsized extended detached house of 110m², built sometime between 1991 and 1995. It was last sold for £232,000 in May 2017, which was around 2% above the average May 2017 detached price in the Gateshead local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

15 WESTMINSTER DRIVE Sold Prices

Land registry data shows two sales for 15 WESTMINSTER DRIVE 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 15 WESTMINSTER DRIVE 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
2017 4 MAY	£232,000	£227,433	2% above HPI
2001 12 JUL	£121,000	£97,223	24% above HPI

15 WESTMINSTER DRIVE 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 15 WESTMINSTER DRIVE sales from July 2001 and May 2017 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 July 2001 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the May 2017 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 15 WESTMINSTER DRIVE?

15 WESTMINSTER DRIVE is 110m², which includes two extensions, according to the EPC inspection conducted in October 2015. This puts it in the largest 50% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 15 WESTMINSTER DRIVE lies on this distribution: 56% of detached houses are smaller than 15 WESTMINSTER DRIVE, and 42% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

15 WESTMINSTER DRIVE: Plot and Title Map

15 WESTMINSTER DRIVE sits on a plot of roughly 0.086 of an acre, or 350m². The below map shows the location of 15 WESTMINSTER DRIVE, 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 15 WESTMINSTER DRIVE). 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 15 WESTMINSTER DRIVE?

15 WESTMINSTER DRIVE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 15 on WESTMINSTER DRIVE.