2, EGREMONT DRIVE, GATESHEAD, NE9 5SE - £215,000

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

2 EGREMONT DRIVE is a large extended detached house of 124m², built sometime between 1900 and 1929. It was last sold for £215,000 in April 2022, which was around 18% below the average April 2022 detached price in the Gateshead local authority area. The most recent EPC inspection was September 2021, where the current energy rating was E, and the potential energy rating was B.

2 EGREMONT DRIVE Sold Prices

Land registry data shows five sales for 2 EGREMONT DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the five 2 EGREMONT DRIVE 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
2022 4 APR	£215,000	£260,783	18% below HPI
2018 25 MAY	£201,000	£231,149	13% below HPI
2011 26 SEP	£159,000	£204,847	22% below HPI
2007 25 JUN	£137,500	£223,454	38% below HPI
2003 13 FEB	£88,500	£122,398	28% below HPI

2 EGREMONT 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 five 2 EGREMONT DRIVE sales between February 2003 and April 2022 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 May 2018 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the April 2022 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 2 EGREMONT DRIVE?

2 EGREMONT DRIVE is 124m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the largest 30% 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 EGREMONT DRIVE lies on this distribution: 72% of detached houses are smaller than 2 EGREMONT DRIVE, and 28% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

2 EGREMONT DRIVE: Plot and Title Map

2 EGREMONT DRIVE sits on a plot of roughly 0.048 of an acre, or 193m². The below map shows the location of 2 EGREMONT 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 EGREMONT 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 EGREMONT DRIVE?

2 EGREMONT DRIVE is located in GATESHEAD, in the NE9 postcode district. The below map shows the position of No. 2 on EGREMONT DRIVE.