7, HOLMEWOOD DRIVE, ROWLANDS GILL, NE39 1EL - £525,000

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

7 HOLMEWOOD DRIVE is a very small detached house of 86m², built sometime between 1983 and 1990. It was last sold for £525,000 in August 2023, which was around 87% above the average August 2023 detached price in the Gateshead local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was C.

7 HOLMEWOOD DRIVE Sold Prices

Land registry data shows two sales for 7 HOLMEWOOD 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 7 HOLMEWOOD 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
2023 24 AUG	£525,000	£281,020	87% above HPI
2007 2 JUL	£465,000	£225,343	106% above HPI

7 HOLMEWOOD 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 7 HOLMEWOOD DRIVE sales from July 2007 and August 2023 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 July 2007 sale was for 106% above the HPI. So the extrapolation line tracks at 106% above the HPI over time, until the August 2023 sale, where it falls to 87% above the HPI. The line then continues to track at 87% above the HPI.

How Large is 7 HOLMEWOOD DRIVE?

7 HOLMEWOOD DRIVE is 86m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 20% of detached houses in Rowlands Gill, based on EPC data. The below chart shows the distribution of detached houses by size in Rowlands Gill, and where 7 HOLMEWOOD DRIVE lies on this distribution: 16% of detached houses are smaller than 7 HOLMEWOOD DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Rowlands Gill.

7 HOLMEWOOD DRIVE: Plot and Title Map

7 HOLMEWOOD DRIVE sits on a plot of roughly 0.155 of an acre, or 625m². The below map shows the location of 7 HOLMEWOOD 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 7 HOLMEWOOD 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 7 HOLMEWOOD DRIVE?

7 HOLMEWOOD DRIVE is located in ROWLANDS GILL, in the NE39 postcode district. The below map shows the position of No. 7 on HOLMEWOOD DRIVE.