8, WESTMINSTER DRIVE, GATESHEAD, NE11 9PU - £249,000

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.

8 WESTMINSTER DRIVE is a midsized extended detached house of 109m², built sometime between 1983 and 1990, which could now be worth an estimated £309,516. It was last sold for £249,000 in August 2017, which was around 10% above the average August 2017 detached price in the Gateshead local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

8 WESTMINSTER DRIVE Sold Prices

Land registry data shows three sales for 8 WESTMINSTER 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. Two of the three 8 WESTMINSTER DRIVE sales were for above the average price, whilst one was 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
2017 4 AUG	£249,000	£226,064	10% above HPI
2016 15 JUL	£220,000	£225,878	3% below HPI
1998 13 MAR	£85,000	£78,373	8% above HPI

8 WESTMINSTER 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 WESTMINSTER DRIVE sales between March 1998 and August 2017 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 2016 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the August 2017 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 8 WESTMINSTER DRIVE be worth now?

8 WESTMINSTER DRIVE might now be worth an estimated £309,516.

This is based on house price inflation of 24.3%, between August 2017 and February 2025, 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 24.3% inflationary increase is applied to the most recent sale price for 8 WESTMINSTER DRIVE of £249,000 on 4th August 2017. For the value to have increased from £249,000 to £309,516 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 8 WESTMINSTER DRIVE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The August 2017 sale price of £249,000 represented a fair market value for the property.
• The size, condition, and specification of 8 WESTMINSTER DRIVE has not materially changed since August 2017.

How Large is 8 WESTMINSTER DRIVE?

8 WESTMINSTER DRIVE is 109m², which includes one extension, according to the EPC inspection conducted in June 2017. This puts it in the largest 50% 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 8 WESTMINSTER DRIVE lies on this distribution: 55% of detached houses houses are smaller than 8 WESTMINSTER DRIVE, and 44% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

8 WESTMINSTER DRIVE: Plot and Title Map

8 WESTMINSTER DRIVE sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 8 WESTMINSTER 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 WESTMINSTER 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 WESTMINSTER DRIVE?

8 WESTMINSTER DRIVE is located in GATESHEAD, in the NE11 postcode district. The below map shows the position of No. 8 on WESTMINSTER DRIVE.