40, PARKLANDS WAY, WARDLEY, GATESHEAD, NE10 8YW - £250,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

40 PARKLANDS WAY is a very small detached house of 71m², built sometime between 1996 and 2002. It was last sold for £250,000 in August 2016, which was around 11% above the average August 2016 detached price in the Gateshead local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

40 PARKLANDS WAY Sold Prices

Land registry data shows two sales for 40 PARKLANDS WAY 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 PARKLANDS WAY 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
2016 18 AUG	£250,000	£226,155	11% above HPI
1996 5 DEC	£82,500	£71,499	15% above HPI

40 PARKLANDS WAY 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 PARKLANDS WAY sales from December 1996 and August 2016 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 1996 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the August 2016 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 40 PARKLANDS WAY?

40 PARKLANDS WAY is 71m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 10% 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 PARKLANDS WAY lies on this distribution: 8% of detached houses are smaller than 40 PARKLANDS WAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

40 PARKLANDS WAY: Plot and Title Map

40 PARKLANDS WAY sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 40 PARKLANDS WAY, 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 PARKLANDS WAY). 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 PARKLANDS WAY?

40 PARKLANDS WAY is located in WARDLEY, in the NE10 postcode district. The below map shows the position of No. 40 on PARKLANDS WAY.