49, PARKLANDS WAY, WARDLEY, GATESHEAD, NE10 8GA - £205,000

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

49 PARKLANDS WAY is a small extended detached house of 90m², built sometime between 2003 and 2006. It was last sold for £205,000 in July 2020, which was around 12% below the average July 2020 detached price in the Gateshead local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

49 PARKLANDS WAY Sold Prices

Land registry data shows three sales for 49 PARKLANDS WAY 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. The three 49 PARKLANDS WAY sales were a mix of below the average price, and roughly equal to 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
2020 24 JUL	£205,000	£232,875	12% below HPI
2007 14 SEP	£204,000	£228,575	11% below HPI
2002 7 MAY	£107,995	£107,665	Close to HPI

49 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 three 49 PARKLANDS WAY sales between May 2002 and July 2020 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 September 2007 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2020 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 49 PARKLANDS WAY?

49 PARKLANDS WAY is 90m², which includes two extensions, according to the EPC inspection conducted in May 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 49 PARKLANDS WAY lies on this distribution: 30% of detached houses are smaller than 49 PARKLANDS WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

49 PARKLANDS WAY: Plot and Title Map

49 PARKLANDS WAY sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 49 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 49 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 49 PARKLANDS WAY?

49 PARKLANDS WAY is located in WARDLEY, in the NE10 postcode district. The below map shows the position of No. 49 on PARKLANDS WAY.