40, LONG BANK, GATESHEAD, NE9 7HJ - £160,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

40 LONG BANK is a large extended detached house of 133m², built sometime before 1900. It was last sold for £160,000 in July 2002, which was around 40% above the average July 2002 detached price in the Gateshead local authority area. The most recent EPC inspection was February 2010, where the current energy rating was F, and the potential energy rating was E.

40 LONG BANK Sold Prices

Land registry data shows two sales for 40 LONG BANK 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. Both of the two 40 LONG BANK 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
2002 5 JUL	£160,000	£114,692	40% above HPI
2001 26 OCT	£145,300	£99,262	46% above HPI

40 LONG BANK 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 40 LONG BANK sales from October 2001 and July 2002 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 October 2001 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the July 2002 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 40 LONG BANK?

40 LONG BANK is 133m², which includes one extension, according to the EPC inspection conducted in February 2010. This puts it in the largest 30% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 40 LONG BANK lies on this distribution: 77% of detached houses are smaller than 40 LONG BANK, and 23% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

40 LONG BANK: Plot and Title Map

40 LONG BANK sits on a plot of roughly 0.124 of an acre, or 503m². The below map shows the location of 40 LONG BANK, 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 40 LONG BANK). 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 40 LONG BANK?

40 LONG BANK is located in GATESHEAD, in the NE9 postcode district. The below map shows the position of No. 40 on LONG BANK.