2, DRURY BUILDINGS, GATESHEAD, NE11 9DT - £175,000

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

2 DRURY BUILDINGS is a very large extended detached house of 137m², built sometime between 1991 and 1995. It was last sold for £175,000 in September 2015, which was around 20% below the average September 2015 detached price in the Gateshead local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was C.

2 DRURY BUILDINGS Sold Prices

Land registry data shows three sales for 2 DRURY BUILDINGS 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. All of the three 2 DRURY BUILDINGS 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
2015 29 SEP	£175,000	£218,402	20% below HPI
2006 24 NOV	£60,000	£214,562	72% below HPI
1995 12 JAN	£30,000	£75,671	60% below HPI

2 DRURY BUILDINGS 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 2 DRURY BUILDINGS sales between January 1995 and September 2015 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 November 2006 sale was for 72% below the HPI. So the extrapolation line tracks at 72% below the HPI over time, until the September 2015 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 2 DRURY BUILDINGS?

2 DRURY BUILDINGS is 137m², which includes one extension, according to the EPC inspection conducted in December 2014. This puts it in the largest 20% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 2 DRURY BUILDINGS lies on this distribution: 80% of detached houses are smaller than 2 DRURY BUILDINGS, and 20% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

2 DRURY BUILDINGS: Plot and Title Map

2 DRURY BUILDINGS sits on a plot of roughly 0.015 of an acre, or 61m². The below map shows the location of 2 DRURY BUILDINGS, 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 DRURY BUILDINGS). 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 DRURY BUILDINGS?

2 DRURY BUILDINGS is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 2 on DRURY BUILDINGS.