65, SPEN BURN, HIGH SPEN, ROWLANDS GILL, NE39 2DN - £170,000

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

65 SPEN BURN is a large extended detached house of 126m², built sometime between 1976 and 1982. It was last sold for £170,000 in June 2021, which was around 31% below the average June 2021 detached price in the Gateshead local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

65 SPEN BURN Sold Prices

Land registry data shows three sales for 65 SPEN BURN 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. All of the three 65 SPEN BURN 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 4 JUN	£170,000	£247,961	31% below HPI
2003 14 NOV	£135,000	£161,847	17% below HPI
1995 4 AUG	£58,500	£73,314	20% below HPI

65 SPEN BURN 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 65 SPEN BURN sales between August 1995 and June 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 November 2003 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the June 2021 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 65 SPEN BURN?

65 SPEN BURN is 126m², which includes two extensions, according to the EPC inspection conducted in May 2021. This puts it in the largest 40% of detached houses in High Spen, based on EPC data. The below chart shows the distribution of detached houses by size in High Spen, and where 65 SPEN BURN lies on this distribution: 66% of detached houses are smaller than 65 SPEN BURN, and 34% of houses are larger. Note that EPC data is not available for all properties in High Spen.

65 SPEN BURN: Plot and Title Map

65 SPEN BURN sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 65 SPEN BURN, 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 65 SPEN BURN). 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 65 SPEN BURN?

65 SPEN BURN is located in HIGH SPEN, in the NE39 postcode district. The below map shows the position of No. 65 on SPEN BURN.