4, OVETT GARDENS, GATESHEAD, NE8 3JH - £143,500

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.

4 OVETT GARDENS is a very small semi-detached house of 79m², built sometime between 2003 and 2006, which could now be worth an estimated £198,004. It was last sold for £143,500 in July 2009, which was around 15% above the average July 2009 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was April 2009, where the current energy rating was C, and the potential energy rating was C.

4 OVETT GARDENS Sold Prices

Land registry data shows two sales for 4 OVETT GARDENS 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 4 OVETT GARDENS 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
2009 17 JUL	£143,500	£125,076	15% above HPI
2001 12 DEC	£131,450	£56,055	135% above HPI

4 OVETT GARDENS 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 4 OVETT GARDENS sales from December 2001 and July 2009 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 2001 sale was for 135% above the HPI. So the extrapolation line tracks at 135% above the HPI over time, until the July 2009 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 4 OVETT GARDENS be worth now?

4 OVETT GARDENS might now be worth an estimated £198,004.

This is based on house price inflation of 38%, between July 2009 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 38% inflationary increase is applied to the most recent sale price for 4 OVETT GARDENS of £143,500 on 17th July 2009. For the value to have increased from £143,500 to £198,004 over the sixteen years and five months to February 2025, the following assumptions must hold true:

• The value of 4 OVETT GARDENS has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The July 2009 sale price of £143,500 represented a fair market value for the property.
• The size, condition, and specification of 4 OVETT GARDENS has not materially changed since July 2009.

How Large is 4 OVETT GARDENS?

4 OVETT GARDENS is 79m² according to the EPC inspection conducted in April 2009. This puts it in the smallest 20% of semi-detached houses houses in Gateshead, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Gateshead, and where 4 OVETT GARDENS lies on this distribution: 16% of semi-detached houses houses are smaller than 4 OVETT GARDENS, and 84% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

4 OVETT GARDENS: Plot and Title Map

4 OVETT GARDENS sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 4 OVETT 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 4 OVETT 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 4 OVETT GARDENS?

4 OVETT GARDENS is located in GATESHEAD, in the NE8 postcode district. The below map shows the position of No. 4 on OVETT GARDENS.