ADDERSTONE, DUNSTON BANK, GATESHEAD, NE11 9QA - £305,000

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.

ADDERSTONE is a small extended detached house of 94m², built sometime between 1930 and 1949, which could now be worth an estimated £344,088. It was last sold for £305,000 in February 2022, which was around 22% above the average February 2022 detached price in the Gateshead local authority area. The most recent EPC inspection was May 2009, where the current energy rating was F, and the potential energy rating was E.

ADDERSTONE Sold Prices

Land registry data shows two sales for ADDERSTONE 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 ADDERSTONE 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
2022 14 FEB	£305,000	£249,084	22% above HPI
1996 6 DEC	£92,000	£71,018	30% above HPI

ADDERSTONE 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 ADDERSTONE sales from December 1996 and February 2022 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 December 1996 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the February 2022 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might ADDERSTONE be worth now?

ADDERSTONE might now be worth an estimated £344,088.

This is based on house price inflation of 12.8%, between February 2022 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 12.8% inflationary increase is applied to the most recent sale price for ADDERSTONE of £305,000 on 14th February 2022. For the value to have increased from £305,000 to £344,088 over the three years to February 2025, the following assumptions must hold true:

• The value of ADDERSTONE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The February 2022 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of ADDERSTONE has not materially changed since February 2022.

How Large is ADDERSTONE?

ADDERSTONE is 94m², which includes one extension, according to the EPC inspection conducted in May 2009. This puts it in the smallest 40% 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 ADDERSTONE lies on this distribution: 36% of detached houses houses are smaller than ADDERSTONE, and 64% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

ADDERSTONE: Plot and Title Map

ADDERSTONE sits on a plot of roughly 0.201 of an acre, or 815m². The below map shows the location of ADDERSTONE, 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 ADDERSTONE). 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 ADDERSTONE?

ADDERSTONE is located on DUNSTON BANK in GATESHEAD, in the NE11 postcode district. The below map shows the position of ADDERSTONE on DUNSTON BANK.