48, PICKERING DRIVE, BLAYDON-ON-TYNE, NE21 5GB - £180,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

48 PICKERING DRIVE is a very small extended detached house of 80m², built sometime between 2007 and 2011. It was last sold for £180,000 in February 2022, which was around 28% below the average February 2022 detached price in the Gateshead local authority area. The most recent EPC inspection was January 2022, where the current energy rating was B, and the potential energy rating was A.

48 PICKERING DRIVE Sold Prices

Land registry data shows three sales for 48 PICKERING DRIVE 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 PICKERING DRIVE 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
2022 15 FEB	£180,000	£250,771	28% below HPI
2021 8 DEC	£175,000	£254,046	31% below HPI
2017 24 MAY	£170,000	£227,433	25% below HPI

48 PICKERING DRIVE 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 PICKERING DRIVE sales between May 2017 and February 2022 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 2021 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the February 2022 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 48 PICKERING DRIVE?

48 PICKERING DRIVE is 80m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the smallest 20% of detached houses in Blaydon, based on EPC data. The below chart shows the distribution of detached houses by size in Blaydon, and where 48 PICKERING DRIVE lies on this distribution: 15% of detached houses are smaller than 48 PICKERING DRIVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Blaydon.

48 PICKERING DRIVE: Plot and Title Map

48 PICKERING DRIVE sits on a plot of roughly 0.055 of an acre, or 223m². The below map shows the location of 48 PICKERING DRIVE, 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 PICKERING DRIVE). 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 PICKERING DRIVE?

48 PICKERING DRIVE is located in BLAYDON-ON-TYNE, in the NE21 postcode district. The below map shows the position of No. 48 on PICKERING DRIVE.