45, PARKLANDS WAY, WARDLEY, GATESHEAD, NE10 8GA - £170,000

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

45 PARKLANDS WAY is a small detached house of 91m², built sometime between 1996 and 2002. It was last sold for £170,000 in June 2019, which was around 29% below the average June 2019 detached price in the Gateshead local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

45 PARKLANDS WAY Sold Prices

Land registry data shows two sales for 45 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 45 PARKLANDS WAY sales were for below 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 7 JUN	£170,000	£238,494	29% below HPI
1998 26 JUN	£74,000	£78,040	5% below HPI

45 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 45 PARKLANDS WAY sales from June 1998 and June 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 1998 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2019 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 45 PARKLANDS WAY?

45 PARKLANDS WAY is 91m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 40% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 45 PARKLANDS WAY lies on this distribution: 32% of detached houses are smaller than 45 PARKLANDS WAY, and 67% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

45 PARKLANDS WAY: Plot and Title Map

45 PARKLANDS WAY sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 45 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 45 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 45 PARKLANDS WAY?

45 PARKLANDS WAY is located in WARDLEY, in the NE10 postcode district. The below map shows the position of No. 45 on PARKLANDS WAY.