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

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 DRURY BUILDINGS is a large extended detached house of 137m², built sometime between 1991 and 1995, which could now be worth an estimated £228,778. It was last sold for £175,000 in September 2015, which was around 19% 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	£216,932	19% below HPI
2006 24 NOV	£60,000	£213,118	72% below HPI
1995 12 JAN	£30,000	£75,162	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 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 2 DRURY BUILDINGS be worth now?

2 DRURY BUILDINGS might now be worth an estimated £228,778.

This is based on house price inflation of 30.7%, between September 2015 and March 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 30.7% inflationary increase is applied to the most recent sale price for 2 DRURY BUILDINGS of £175,000 on 29th September 2015. For the value to have increased from £175,000 to £228,778 over the ten years and six months to March 2025, the following assumptions must hold true:

• The value of 2 DRURY BUILDINGS has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The September 2015 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 2 DRURY BUILDINGS has not materially changed since September 2015.

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 30% of detached houses houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gateshead, and where 2 DRURY BUILDINGS lies on this distribution: 80% of detached houses 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.