72, SHERBURN WAY, GATESHEAD, NE10 8SZ - £67,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

72 SHERBURN WAY is a very small extended detached house of 56m², built sometime between 1976 and 1982, which could now be worth an estimated £247,933. It was last sold for £67,950 in May 1999, which was around 13% below the average May 1999 detached price in the Gateshead local authority area. The most recent EPC inspection was August 2024, where the current energy rating was D, and the potential energy rating was B.

72 SHERBURN WAY Sold Prices

Land registry data shows two sales for 72 SHERBURN WAY 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 72 SHERBURN WAY 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
1999 28 MAY	£67,950	£78,417	13% below HPI
1996 18 OCT	£45,000	£74,790	40% below HPI

72 SHERBURN WAY 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 72 SHERBURN WAY sales from October 1996 and May 1999 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 October 1996 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 1999 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 72 SHERBURN WAY be worth now?

72 SHERBURN WAY might now be worth an estimated £247,933.

This is based on house price inflation of 264.9%, between May 1999 and December 2024, for 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 264.9% inflationary increase is applied to the most recent sale price for 72 SHERBURN WAY of £67,950 on 28th May 1999. For the value to have increased from £67,950 to £247,933 over the 24 years and five months to December 2024, the following assumptions must hold true:

• The value of 72 SHERBURN WAY has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The May 1999 sale price of £67,950 represented a fair market value for the property.
• The size, condition, and specification of 72 SHERBURN WAY has not materially changed since May 1999.

How Large is 72 SHERBURN WAY?

72 SHERBURN WAY is 56m², which includes one extension, according to the EPC inspection conducted in August 2024. This puts it in the smallest 10% of detached houses houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gateshead, and where 72 SHERBURN WAY lies on this distribution: 1% of detached houses houses are smaller than 72 SHERBURN WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

72 SHERBURN WAY: Plot and Title Map

72 SHERBURN WAY sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 72 SHERBURN WAY, 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 72 SHERBURN WAY). 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 72 SHERBURN WAY?

72 SHERBURN WAY is located in GATESHEAD, in the NE10 postcode district. The below map shows the position of No. 72 on SHERBURN WAY.