8, FOLLINGSBY DRIVE, GATESHEAD, NE10 8YH - £182,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 FOLLINGSBY DRIVE is a small extended detached house of 86m², built sometime between 1976 and 1982. It was last sold for £182,000 in June 2021, which was around 27% below the average June 2021 detached price in the Gateshead local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was B.

8 FOLLINGSBY DRIVE Sold Prices

Land registry data shows three sales for 8 FOLLINGSBY 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 FOLLINGSBY DRIVE 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 25 JUN	£182,000	£247,961	27% below HPI
2005 5 SEP	£171,000	£208,655	18% below HPI
2004 30 JUN	£160,000	£183,815	13% below HPI

8 FOLLINGSBY 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 FOLLINGSBY DRIVE sales between June 2004 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 September 2005 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2021 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 8 FOLLINGSBY DRIVE?

8 FOLLINGSBY DRIVE is 86m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the smallest 30% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where 8 FOLLINGSBY DRIVE lies on this distribution: 24% of detached houses are smaller than 8 FOLLINGSBY DRIVE, and 75% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

8 FOLLINGSBY DRIVE: Plot and Title Map

8 FOLLINGSBY DRIVE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 8 FOLLINGSBY 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 FOLLINGSBY 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 FOLLINGSBY DRIVE?

8 FOLLINGSBY DRIVE is located in GATESHEAD, in the NE10 postcode district. The below map shows the position of No. 8 on FOLLINGSBY DRIVE.