48, PARKLANDS, GATESHEAD, NE10 8YP - £163,000

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

48 PARKLANDS is a midsized extended detached house of 105m², built sometime between 1991 and 1995. It was last sold for £163,000 in February 2023, which was around 41% below the average February 2023 detached price in the Gateshead local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

48 PARKLANDS Sold Prices

Land registry data shows three sales for 48 PARKLANDS 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. All of the three 48 PARKLANDS 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
2023 23 FEB	£163,000	£274,719	41% below HPI
2016 28 JUN	£219,950	£224,903	2% below HPI
1995 7 JUL	£70,000	£73,582	5% below HPI

48 PARKLANDS 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 48 PARKLANDS sales between July 1995 and February 2023 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 2016 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the February 2023 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 48 PARKLANDS?

48 PARKLANDS is 105m², which includes one extension, according to the EPC inspection conducted in January 2023. This puts it in the largest 50% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 48 PARKLANDS lies on this distribution: 49% of detached houses are smaller than 48 PARKLANDS, and 50% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

48 PARKLANDS: Plot and Title Map

48 PARKLANDS sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 48 PARKLANDS, 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 48 PARKLANDS). 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 48 PARKLANDS?

48 PARKLANDS is located in GATESHEAD, in the NE10 postcode district. The below map shows the position of No. 48 on PARKLANDS.