62, MEADOW RISE, GATESHEAD, NE9 6GE - £181,000

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

62 MEADOW RISE is a small detached house of 89m², built sometime between 1996 and 2002. It was last sold for £181,000 in July 2017, which was around 21% below the average July 2017 detached price in the Gateshead local authority area. The most recent EPC inspection was February 2017, where the current energy rating was C, and the potential energy rating was B.

62 MEADOW RISE Sold Prices

Land registry data shows two sales for 62 MEADOW RISE 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 62 MEADOW RISE 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
2017 14 JUL	£181,000	£228,591	21% below HPI
2000 30 NOV	£81,750	£90,389	10% below HPI

62 MEADOW RISE 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 62 MEADOW RISE sales from November 2000 and July 2017 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 November 2000 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the July 2017 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 62 MEADOW RISE?

62 MEADOW RISE is 89m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 30% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 62 MEADOW RISE lies on this distribution: 29% of detached houses are smaller than 62 MEADOW RISE, and 70% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

62 MEADOW RISE: Plot and Title Map

62 MEADOW RISE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 62 MEADOW RISE, 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 62 MEADOW RISE). 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 62 MEADOW RISE?

62 MEADOW RISE is located in GATESHEAD, in the NE9 postcode district. The below map shows the position of No. 62 on MEADOW RISE.