16, BUTE DRIVE, HIGH SPEN, ROWLANDS GILL, NE39 2DP - £465,000

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

16 BUTE DRIVE is a very large extended detached house of 185m², built sometime between 1996 and 2002. It was last sold for £465,000 in October 2023, which was around 68% above the average October 2023 detached price in the Gateshead local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was C.

16 BUTE DRIVE Sold Prices

Land registry data shows three sales for 16 BUTE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. Two of the three 16 BUTE DRIVE sales were for above the average price, whilst one was 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
2023 2 OCT	£465,000	£276,505	68% above HPI
2021 28 JAN	£425,000	£244,600	74% above HPI
1998 4 DEC	£38,500	£79,231	51% below HPI

16 BUTE 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 three 16 BUTE DRIVE sales between December 1998 and October 2023 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 January 2021 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the October 2023 sale, where it falls to 68% above the HPI. The line then continues to track at 68% above the HPI.

How Large is 16 BUTE DRIVE?

16 BUTE DRIVE is 185m², which includes one extension, according to the EPC inspection conducted in May 2020. This puts it in the largest 20% 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 16 BUTE DRIVE lies on this distribution: 87% of detached houses are smaller than 16 BUTE DRIVE, and 13% of houses are larger. Note that EPC data is not available for all properties in High Spen.

16 BUTE DRIVE: Plot and Title Map

16 BUTE DRIVE sits on a plot of roughly 0.243 of an acre, or 983m². The below map shows the location of 16 BUTE 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 16 BUTE 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 16 BUTE DRIVE?

16 BUTE DRIVE is located in HIGH SPEN, in the NE39 postcode district. The below map shows the position of No. 16 on BUTE DRIVE.