24, PENNYFINE ROAD, SUNNISIDE, NEWCASTLE UPON TYNE, NE16 5EP - £166,000

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.

24 PENNYFINE ROAD is a very small extended detached house of 99m², built sometime between 1930 and 1949, which could now be worth an estimated £214,450. It was last sold for £166,000 in February 2016, which was around 24% below the average February 2016 detached price in the Gateshead local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was C.

24 PENNYFINE ROAD Sold Prices

Land registry data shows two sales for 24 PENNYFINE ROAD 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. Both of the two 24 PENNYFINE ROAD 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
2016 12 FEB	£166,000	£217,519	24% below HPI
1999 31 MAR	£59,950	£80,098	25% below HPI

24 PENNYFINE ROAD 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 24 PENNYFINE ROAD sales from March 1999 and February 2016 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 March 1999 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2016 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 24 PENNYFINE ROAD be worth now?

24 PENNYFINE ROAD might now be worth an estimated £214,450.

This is based on house price inflation of 29.2%, between February 2016 and February 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 29.2% inflationary increase is applied to the most recent sale price for 24 PENNYFINE ROAD of £166,000 on 12th February 2016. For the value to have increased from £166,000 to £214,450 over the nine years to February 2025, the following assumptions must hold true:

• The value of 24 PENNYFINE ROAD has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The February 2016 sale price of £166,000 represented a fair market value for the property.
• The size, condition, and specification of 24 PENNYFINE ROAD has not materially changed since February 2016.

How Large is 24 PENNYFINE ROAD?

24 PENNYFINE ROAD is 99m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the smallest 20% of detached houses houses in Street Gate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Street Gate, and where 24 PENNYFINE ROAD lies on this distribution: 15% of detached houses houses are smaller than 24 PENNYFINE ROAD, and 85% of houses are larger. Note that EPC data is not available for all properties in Street Gate.

24 PENNYFINE ROAD: Plot and Title Map

24 PENNYFINE ROAD sits on a plot of roughly 247.3 acres, or 1,000,740m². The below map shows the location of 24 PENNYFINE ROAD, 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 24 PENNYFINE ROAD). 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 24 PENNYFINE ROAD?

24 PENNYFINE ROAD is located in SUNNISIDE, in the NE16 postcode district. The below map shows the position of No. 24 on PENNYFINE ROAD.