7, SPEN BURN, HIGH SPEN, ROWLANDS GILL, NE39 2DN - £115,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 SPEN BURN is a very small semi-detached house of 59m², built sometime between 1983 and 1990, which could now be worth an estimated £121,849. It was last sold for £115,000 in May 2022, which was around 29% below the average May 2022 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

7 SPEN BURN Sold Prices

Land registry data shows two sales for 7 SPEN BURN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Gateshead local authority area for the corresponding sale date. Both of the two 7 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
2022 18 MAY	£115,000	£162,881	29% below HPI
2014 9 MAY	£116,000	£123,601	6% below HPI

7 SPEN BURN Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Gateshead local authority area over time, sourced from the HPI. The two 7 SPEN BURN sales from May 2014 and May 2022 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 May 2014 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2022 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 7 SPEN BURN be worth now?

7 SPEN BURN might now be worth an estimated £121,849.

This is based on house price inflation of 6%, between May 2022 and February 2025, for semi-detached houses, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6% inflationary increase is applied to the most recent sale price for 7 SPEN BURN of £115,000 on 18th May 2022. For the value to have increased from £115,000 to £121,849 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 7 SPEN BURN has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The May 2022 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SPEN BURN has not materially changed since May 2022.

How Large is 7 SPEN BURN?

7 SPEN BURN is 59m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% of semi-detached houses houses in High Spen, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in High Spen, and where 7 SPEN BURN lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 7 SPEN BURN, and more than 99% of houses are larger. Note that EPC data is not available for all properties in High Spen.

7 SPEN BURN: Plot and Title Map

7 SPEN BURN sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 7 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 7 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 7 SPEN BURN?

7 SPEN BURN is located in HIGH SPEN, in the NE39 postcode district. The below map shows the position of No. 7 on SPEN BURN.