FAVELLS GATE, GALLOPING GREEN ROAD, GATESHEAD, NE9 7XD - £420,000

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

FAVELLS GATE is a very large semi-detached house of 288m², built sometime before 1900. It was last sold for £420,000 in August 2013, which was around 106% above the average August 2013 detached price in the Gateshead local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was D.

FAVELLS GATE Sold Prices

Land registry data shows two sales for FAVELLS GATE 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 FAVELLS GATE 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
2013 30 AUG	£420,000	£204,180	106% above HPI
2008 5 DEC	£402,500	£204,669	97% above HPI

FAVELLS GATE 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 FAVELLS GATE sales from December 2008 and August 2013 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 2008 sale was for 97% above the HPI. So the extrapolation line tracks at 97% above the HPI over time, until the August 2013 sale, where it rises to 106% above the HPI. The line then continues to track at 106% above the HPI.

How Large is FAVELLS GATE?

FAVELLS GATE is 288m² according to the EPC inspection conducted in July 2010. This puts it in the largest 10% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where FAVELLS GATE lies on this distribution: 99% of detached houses are smaller than FAVELLS GATE, and 1% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

FAVELLS GATE: Plot and Title Map

FAVELLS GATE sits on a plot of roughly 0.257 of an acre, or 1,040m². The below map shows the location of FAVELLS GATE, 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 FAVELLS GATE). 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 FAVELLS GATE?

FAVELLS GATE is located on GALLOPING GREEN ROAD in GATESHEAD, in the NE9 postcode district. The below map shows the position of FAVELLS GATE on GALLOPING GREEN ROAD.