9, GILL WAY, CHOPWELL, NEWCASTLE UPON TYNE, NE17 7BN - £238,000

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

9 GILL WAY is a small extended detached house of 84m², built sometime from 2012 onwards. It was last sold for £238,000 in June 2024, which was around 16% below the average June 2024 detached price in the Gateshead local authority area. The most recent EPC inspection was June 2024, where the current energy rating was A, and the potential energy rating was A.

9 GILL WAY Sold Prices

Land registry data shows two sales for 9 GILL 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 9 GILL 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
2024 28 JUN	£238,000	£282,720	16% below HPI
2022 31 AUG	£167,995	£274,102	39% below HPI

9 GILL 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 9 GILL WAY sales from August 2022 and June 2024 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 August 2022 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the June 2024 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 9 GILL WAY?

9 GILL WAY is 84m², which includes two extensions, according to the EPC inspection conducted in June 2024. This puts it in the smallest 40% of detached houses in Chopwell, based on EPC data. The below chart shows the distribution of detached houses by size in Chopwell, and where 9 GILL WAY lies on this distribution: 39% of detached houses are smaller than 9 GILL WAY, and 61% of houses are larger. Note that EPC data is not available for all properties in Chopwell.

9 GILL WAY: Plot and Title Map

9 GILL WAY sits on a plot of roughly 18.2 acres, or 73,465m². The below map shows the location of 9 GILL 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 9 GILL 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 9 GILL WAY?

9 GILL WAY is located in CHOPWELL, in the NE17 postcode district. The below map shows the position of No. 9 on GILL WAY.