51, FOLLINGSBY DRIVE, GATESHEAD, NE10 8YH - £265,000

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

51 FOLLINGSBY DRIVE is a very small extended detached house of 78m², built sometime between 1983 and 1990. It was last sold for £265,000 in December 2022, which was around 4% below the average December 2022 detached price in the Gateshead local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was B.

51 FOLLINGSBY DRIVE Sold Prices

Land registry data shows four sales for 51 FOLLINGSBY DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the four 51 FOLLINGSBY 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 DEC	£265,000	£276,577	4% below HPI
2018 30 OCT	£217,000	£237,680	9% below HPI
2009 21 DEC	£162,000	£201,378	20% below HPI
1998 22 MAY	£75,000	£79,725	6% below HPI

51 FOLLINGSBY 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 four 51 FOLLINGSBY DRIVE sales between May 1998 and December 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 October 2018 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the December 2022 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 51 FOLLINGSBY DRIVE?

51 FOLLINGSBY DRIVE is 78m², which includes one extension, according to the EPC inspection conducted in May 2020. This puts it in the smallest 20% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 51 FOLLINGSBY DRIVE lies on this distribution: 14% of detached houses are smaller than 51 FOLLINGSBY DRIVE, and 85% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

51 FOLLINGSBY DRIVE: Plot and Title Map

51 FOLLINGSBY DRIVE sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 51 FOLLINGSBY 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 51 FOLLINGSBY 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 51 FOLLINGSBY DRIVE?

51 FOLLINGSBY DRIVE is located in GATESHEAD, in the NE10 postcode district. The below map shows the position of No. 51 on FOLLINGSBY DRIVE.