3, THE SPRINGS, BIRTLEY, CHESTER LE STREET, DH3 2NB - £280,000

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 THE SPRINGS is a large extended detached house of 134m², built sometime between 1967 and 1975. It was last sold for £280,000 in March 2012, which was around 43% above the average March 2012 detached price in the Gateshead local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was C.

3 THE SPRINGS Sold Prices

Land registry data shows two sales for 3 THE SPRINGS 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 THE SPRINGS 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
2012 16 MAR	£280,000	£195,930	43% above HPI
2009 20 FEB	£158,000	£197,760	20% below HPI

3 THE SPRINGS 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 THE SPRINGS sales from February 2009 and March 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 February 2009 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2012 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

How Large is 3 THE SPRINGS?

3 THE SPRINGS is 134m², which includes one extension, according to the EPC inspection conducted in July 2011. This puts it in the largest 30% of detached houses in Birtley, based on EPC data. The below chart shows the distribution of detached houses by size in Birtley, and where 3 THE SPRINGS lies on this distribution: 77% of detached houses are smaller than 3 THE SPRINGS, and 23% of houses are larger. Note that EPC data is not available for all properties in Birtley.

3 THE SPRINGS: Plot and Title Map

3 THE SPRINGS sits on a plot of roughly 0.185 of an acre, or 750m². The below map shows the location of 3 THE SPRINGS, 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 THE SPRINGS). 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 THE SPRINGS?

3 THE SPRINGS is located in BIRTLEY, in the DH3 postcode district. The below map shows the position of No. 3 on THE SPRINGS.