59, CORMORANT DRIVE, GATESHEAD, NE11 9LF - £215,000

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

59 CORMORANT DRIVE is a small detached house of 97m², built sometime between 2003 and 2006. It was last sold for £215,000 in March 2006, which was around 6% above the average March 2006 detached price in the Gateshead local authority area. The most recent EPC inspection was December 2009, where the current energy rating was C, and the potential energy rating was C.

59 CORMORANT DRIVE Sold Prices

Land registry data shows four sales for 59 CORMORANT 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. Most of the four 59 CORMORANT DRIVE sales were for above 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
2006 20 MAR	£215,000	£203,176	6% above HPI
2004 11 JUN	£195,000	£183,815	6% above HPI
2003 22 JAN	£140,000	£124,174	13% above HPI
2002 21 JUN	£99,950	£111,024	10% below HPI

59 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 four 59 CORMORANT DRIVE sales between June 2002 and March 2006 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 2004 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the March 2006 sale, which was also at 6% above the HPI.

How Large is 59 CORMORANT DRIVE?

59 CORMORANT DRIVE is 97m² according to the EPC inspection conducted in December 2009. 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 59 CORMORANT DRIVE lies on this distribution: 39% of detached houses are smaller than 59 CORMORANT DRIVE, and 61% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

59 CORMORANT DRIVE: Plot and Title Map

59 CORMORANT DRIVE sits on a plot of roughly 0.039 of an acre, or 158m². The below map shows the location of 59 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 59 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 59 CORMORANT DRIVE?

59 CORMORANT DRIVE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 59 on CORMORANT DRIVE.