2, BUTE DRIVE, HIGH SPEN, ROWLANDS GILL, NE39 2DP - £305,000

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.

2 BUTE DRIVE is a large detached house of 147m², built sometime between 1996 and 2002, which could now be worth an estimated £308,678. It was last sold for £305,000 in October 2024, which was around 10% above the average October 2024 detached price in the Gateshead local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

2 BUTE DRIVE Sold Prices

Land registry data shows four sales for 2 BUTE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. two of the four 2 BUTE DRIVE sales were for above the average price, and four 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
2024 4 OCT	£305,000	£277,658	10% above HPI
2002 23 DEC	£179,950	£121,197	48% above HPI
2002 1 MAR	£45,750	£97,715	53% below HPI
1998 6 FEB	£39,500	£77,391	49% below HPI

2 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 four 2 BUTE DRIVE sales between February 1998 and October 2024 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 December 2002 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the October 2024 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 2 BUTE DRIVE be worth now?

2 BUTE DRIVE might now be worth an estimated £308,678.

This is based on house price inflation of 1.2%, between October 2024 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 1.2% inflationary increase is applied to the most recent sale price for 2 BUTE DRIVE of £305,000 on 4th October 2024. For the value to have increased from £305,000 to £308,678 over the one year and eight months to February 2025, the following assumptions must hold true:

• The value of 2 BUTE DRIVE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The October 2024 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BUTE DRIVE has not materially changed since October 2024.

How Large is 2 BUTE DRIVE?

2 BUTE DRIVE is 147m² according to the EPC inspection conducted in August 2022. This puts it in the largest 30% 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 2 BUTE DRIVE lies on this distribution: 79% of detached houses houses are smaller than 2 BUTE DRIVE, and 20% of houses are larger. Note that EPC data is not available for all properties in High Spen.

2 BUTE DRIVE: Plot and Title Map

2 BUTE DRIVE sits on a plot of roughly 0.124 of an acre, or 500m². The below map shows the location of 2 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 2 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 2 BUTE DRIVE?

2 BUTE DRIVE is located in HIGH SPEN, in the NE39 postcode district. The below map shows the position of No. 2 on BUTE DRIVE.