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

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

2 BUTE DRIVE is a large detached house of 147m², built sometime between 1996 and 2002. It was last sold for £305,000 in October 2024, which was around 9% 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	£279,202	9% above HPI
2002 23 DEC	£179,950	£122,018	47% above HPI
2002 1 MAR	£45,750	£98,377	53% below HPI
1998 6 FEB	£39,500	£77,916	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 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the October 2024 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

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 in High Spen, based on EPC data. The below chart shows the distribution of detached houses by size in High Spen, and where 2 BUTE DRIVE lies on this distribution: 77% of detached houses are smaller than 2 BUTE DRIVE, and 22% 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.