4, THE PADDOCK, HIGH SPEN, ROWLANDS GILL, NE39 2BD - £177,530

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 THE PADDOCK is a very large detached house of 188m², built sometime before 1900, which could now be worth an estimated £215,922. It was last sold for £177,530 in February 2019, which was around 23% below the average February 2019 detached price in the Gateshead local authority area. The most recent EPC inspection was November 2014, where the current energy rating was E, and the potential energy rating was C.

4 THE PADDOCK Sold Prices

Land registry data shows three sales for 4 THE PADDOCK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. One of the three 4 THE PADDOCK sales was for below the average price, whilst two 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
2019 22 FEB	£177,530	£231,042	23% below HPI
2011 17 JUN	£313,000	£199,123	57% above HPI
1995 20 SEP	£100,000	£72,140	39% above HPI

4 THE PADDOCK 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 three 4 THE PADDOCK sales between September 1995 and February 2019 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 2011 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the February 2019 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 4 THE PADDOCK be worth now?

4 THE PADDOCK might now be worth an estimated £215,922.

This is based on house price inflation of 21.6%, between February 2019 and February 2025, for 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 21.6% inflationary increase is applied to the most recent sale price for 4 THE PADDOCK of £177,530 on 22nd February 2019. For the value to have increased from £177,530 to £215,922 over the six years to February 2025, the following assumptions must hold true:

• The value of 4 THE PADDOCK has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The February 2019 sale price of £177,530 represented a fair market value for the property.
• The size, condition, and specification of 4 THE PADDOCK has not materially changed since February 2019.

How Large is 4 THE PADDOCK?

4 THE PADDOCK is 188m² according to the EPC inspection conducted in November 2014. This puts it in the largest 20% of detached houses houses in High Spen, based on EPC data. The below chart shows the distribution of detached houses houses by size in High Spen, and where 4 THE PADDOCK lies on this distribution: 90% of detached houses houses are smaller than 4 THE PADDOCK, and 10% of houses are larger. Note that EPC data is not available for all properties in High Spen.

4 THE PADDOCK: Plot and Title Map

4 THE PADDOCK sits on a plot of roughly 0.268 of an acre, or 1,086m². The below map shows the location of 4 THE PADDOCK, 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 THE PADDOCK). 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 THE PADDOCK?

4 THE PADDOCK is located in HIGH SPEN, in the NE39 postcode district. The below map shows the position of 4 THE PADDOCK in HIGH SPEN.