3, PARKLANDS WAY, WARDLEY, GATESHEAD, NE10 8GA - £143,000

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

3 PARKLANDS WAY is a very small detached house of 73m², built sometime between 1996 and 2002. It was last sold for £143,000 in November 2012, which was around 29% below the average November 2012 detached price in the Gateshead local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

3 PARKLANDS WAY Sold Prices

Land registry data shows two sales for 3 PARKLANDS WAY 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 3 PARKLANDS WAY 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
2012 16 NOV	£143,000	£201,664	29% below HPI
2000 19 MAY	£71,000	£83,588	15% below HPI

3 PARKLANDS WAY 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 3 PARKLANDS WAY sales from May 2000 and November 2012 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 2000 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2012 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 3 PARKLANDS WAY?

3 PARKLANDS WAY is 73m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 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 3 PARKLANDS WAY lies on this distribution: 10% of detached houses are smaller than 3 PARKLANDS WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

3 PARKLANDS WAY: Plot and Title Map

3 PARKLANDS WAY sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of 3 PARKLANDS WAY, 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 3 PARKLANDS WAY). 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 3 PARKLANDS WAY?

3 PARKLANDS WAY is located in WARDLEY, in the NE10 postcode district. The below map shows the position of No. 3 on PARKLANDS WAY.