23, PARK AVENUE, GATESHEAD, NE11 9QE - £385,000

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

23 PARK AVENUE is a very large extended detached house of 218m², built sometime between 1950 and 1966. It was last sold for £385,000 in November 2018, which was around 60% above the average November 2018 detached price in the Gateshead local authority area. The most recent EPC inspection was May 2018, where the current energy rating was E, and the potential energy rating was C.

23 PARK AVENUE Sold Prices

Land registry data shows two sales for 23 PARK AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. One of the two 23 PARK AVENUE sales was for above the average price, whilst the other was 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
2018 21 NOV	£385,000	£240,606	60% above HPI
1998 8 MAY	£78,000	£79,725	2% below HPI

23 PARK AVENUE 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 two 23 PARK AVENUE sales from May 1998 and November 2018 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 1998 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2018 sale, where it rises to 60% above the HPI. The line then continues to track at 60% above the HPI.

How Large is 23 PARK AVENUE?

23 PARK AVENUE is 218m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the largest 10% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 23 PARK AVENUE lies on this distribution: 96% of detached houses are smaller than 23 PARK AVENUE, and 4% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

23 PARK AVENUE: Plot and Title Map

23 PARK AVENUE sits on a plot of roughly 0.134 of an acre, or 541m². The below map shows the location of 23 PARK AVENUE, 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 23 PARK AVENUE). 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 23 PARK AVENUE?

23 PARK AVENUE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 23 on PARK AVENUE.