57, CORMORANT DRIVE, GATESHEAD, NE11 9LF - £245,000

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

57 CORMORANT DRIVE is a small extended detached house of 98m², built sometime between 1996 and 2002. It was last sold for £245,000 in August 2021, which was around 3% below the average August 2021 detached price in the Gateshead local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was B.

57 CORMORANT DRIVE Sold Prices

Land registry data shows two sales for 57 CORMORANT DRIVE 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 57 CORMORANT 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
2021 16 AUG	£245,000	£252,813	3% below HPI
2002 28 JUN	£99,950	£111,024	10% below HPI

57 CORMORANT 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 two 57 CORMORANT DRIVE sales from June 2002 and August 2021 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 2002 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2021 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 57 CORMORANT DRIVE?

57 CORMORANT DRIVE is 98m², which includes one extension, according to the EPC inspection conducted in April 2021. 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 57 CORMORANT DRIVE lies on this distribution: 40% of detached houses are smaller than 57 CORMORANT DRIVE, and 58% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

57 CORMORANT DRIVE: Plot and Title Map

57 CORMORANT DRIVE sits on a plot of roughly 0.043 of an acre, or 172m². The below map shows the location of 57 CORMORANT 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 57 CORMORANT 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 57 CORMORANT DRIVE?

57 CORMORANT DRIVE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 57 on CORMORANT DRIVE.