3, REDEWATER GARDENS, WHICKHAM, NEWCASTLE UPON TYNE, NE16 4LQ - £320,000

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 REDEWATER GARDENS is a very small detached house of 80m², built sometime between 1950 and 1966. It was last sold for £320,000 in August 2024, which was around 13% above the average August 2024 detached price in the Gateshead local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was B.

3 REDEWATER GARDENS Sold Prices

Land registry data shows two sales for 3 REDEWATER GARDENS 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 3 REDEWATER GARDENS 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
2024 16 AUG	£320,000	£283,627	13% above HPI
2008 2 DEC	£190,000	£204,669	7% below HPI

3 REDEWATER GARDENS 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 REDEWATER GARDENS sales from December 2008 and August 2024 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 December 2008 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the August 2024 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 3 REDEWATER GARDENS?

3 REDEWATER GARDENS is 80m² according to the EPC inspection conducted in June 2024. This puts it in the smallest 20% of detached houses in Whickham, based on EPC data. The below chart shows the distribution of detached houses by size in Whickham, and where 3 REDEWATER GARDENS lies on this distribution: 15% of detached houses are smaller than 3 REDEWATER GARDENS, and 84% of houses are larger. Note that EPC data is not available for all properties in Whickham.

3 REDEWATER GARDENS: Plot and Title Map

3 REDEWATER GARDENS sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 3 REDEWATER GARDENS, 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 REDEWATER GARDENS). 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 REDEWATER GARDENS?

3 REDEWATER GARDENS is located in WHICKHAM, in the NE16 postcode district. The below map shows the position of No. 3 on REDEWATER GARDENS.