38, BROADMEADOWS CLOSE, SWALWELL, NEWCASTLE UPON TYNE, NE16 3DD - £225,000

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.

38 BROADMEADOWS CLOSE is a very small semi-detached house of 69m², built sometime between 2003 and 2006, which could now be worth an estimated £227,917. It was last sold for £225,000 in November 2022, which was around 32% above the average November 2022 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

38 BROADMEADOWS CLOSE Sold Prices

Land registry data shows two sales for 38 BROADMEADOWS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Gateshead local authority area for the corresponding sale date. Both of the two 38 BROADMEADOWS CLOSE sales were for above 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
2022 8 NOV	£225,000	£170,373	32% above HPI
2003 6 JUN	£146,200	£81,683	79% above HPI

38 BROADMEADOWS CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Gateshead local authority area over time, sourced from the HPI. The two 38 BROADMEADOWS CLOSE sales from June 2003 and November 2022 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 June 2003 sale was for 79% above the HPI. So the extrapolation line tracks at 79% above the HPI over time, until the November 2022 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might 38 BROADMEADOWS CLOSE be worth now?

38 BROADMEADOWS CLOSE might now be worth an estimated £227,917.

This is based on house price inflation of 1.3%, between November 2022 and February 2025, for semi-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 1.3% inflationary increase is applied to the most recent sale price for 38 BROADMEADOWS CLOSE of £225,000 on 8th November 2022. For the value to have increased from £225,000 to £227,917 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 38 BROADMEADOWS CLOSE has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The November 2022 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 38 BROADMEADOWS CLOSE has not materially changed since November 2022.

How Large is 38 BROADMEADOWS CLOSE?

38 BROADMEADOWS CLOSE is 69m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 10% of semi-detached houses houses in Whickham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Whickham, and where 38 BROADMEADOWS CLOSE lies on this distribution: 5% of semi-detached houses houses are smaller than 38 BROADMEADOWS CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Whickham.

38 BROADMEADOWS CLOSE: Plot and Title Map

38 BROADMEADOWS CLOSE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 38 BROADMEADOWS CLOSE, 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 38 BROADMEADOWS CLOSE). 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 38 BROADMEADOWS CLOSE?

38 BROADMEADOWS CLOSE is located in SWALWELL, in the NE16 postcode district. The below map shows the position of No. 38 on BROADMEADOWS CLOSE.