8, BUTE DRIVE, HIGH SPEN, ROWLANDS GILL, NE39 2DP - £300,000

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

8 BUTE DRIVE is a large detached house of 128m², built sometime between 1996 and 2002. It was last sold for £300,000 in March 2020, which was around 30% above the average March 2020 detached price in the Gateshead local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

8 BUTE DRIVE Sold Prices

Land registry data shows three sales for 8 BUTE DRIVE 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 8 BUTE 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
2020 13 MAR	£300,000	£231,021	30% above HPI
2014 24 JAN	£225,000	£204,226	10% above HPI
2002 9 AUG	£165,000	£116,295	42% above HPI

8 BUTE 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 three 8 BUTE DRIVE sales between August 2002 and March 2020 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 January 2014 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the March 2020 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 8 BUTE DRIVE?

8 BUTE DRIVE is 128m² according to the EPC inspection conducted in May 2012. 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 8 BUTE DRIVE lies on this distribution: 68% of detached houses are smaller than 8 BUTE DRIVE, and 32% of houses are larger. Note that EPC data is not available for all properties in High Spen.

8 BUTE DRIVE: Plot and Title Map

8 BUTE DRIVE sits on a plot of roughly 0.127 of an acre, or 514m². The below map shows the location of 8 BUTE 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 8 BUTE 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 8 BUTE DRIVE?

8 BUTE DRIVE is located in HIGH SPEN, in the NE39 postcode district. The below map shows the position of No. 8 on BUTE DRIVE.