HEATHERLEA, FERNDALE TERRACE, GATESHEAD, NE9 7RH - £213,000

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.

HEATHERLEA is a very small extended detached house of 68m², built sometime between 1930 and 1949, which could now be worth an estimated £307,807. It was last sold for £213,000 in September 2014, which was around 18% above the average September 2014 detached price in the Sunderland local authority area. The most recent EPC inspection was June 2010, where the current energy rating was E, and the potential energy rating was E.

HEATHERLEA Sold Prices

Land registry data shows two sales for HEATHERLEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Sunderland local authority area for the corresponding sale date. Both of the two HEATHERLEA 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
2014 1 SEP	£213,000	£180,572	18% above HPI
2011 29 JUL	£275,000	£185,769	48% above HPI

HEATHERLEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sunderland local authority area over time, sourced from the HPI. The two HEATHERLEA sales from July 2011 and September 2014 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 2011 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the September 2014 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might HEATHERLEA be worth now?

HEATHERLEA might now be worth an estimated £307,807.

This is based on house price inflation of 44.5%, between September 2014 and February 2025, for detached houses, in the Sunderland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 44.5% inflationary increase is applied to the most recent sale price for HEATHERLEA of £213,000 on 1st September 2014. For the value to have increased from £213,000 to £307,807 over the eleven years and seven months to February 2025, the following assumptions must hold true:

• The value of HEATHERLEA has moved in line with the HPI for detached houses in the Sunderland local authority area.
• The September 2014 sale price of £213,000 represented a fair market value for the property.
• The size, condition, and specification of HEATHERLEA has not materially changed since September 2014.

How Large is HEATHERLEA?

HEATHERLEA is 68m², which includes one extension, according to the EPC inspection conducted in June 2010. This puts it in the smallest 20% of detached houses houses in Springwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Springwell, and where HEATHERLEA lies on this distribution: 14% of detached houses houses are smaller than HEATHERLEA, and 86% of houses are larger. Note that EPC data is not available for all properties in Springwell.

HEATHERLEA: Plot and Title Map

HEATHERLEA sits on a plot of roughly 0.251 of an acre, or 1,015m². The below map shows the location of HEATHERLEA, 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 HEATHERLEA). 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 HEATHERLEA?

HEATHERLEA is located on FERNDALE TERRACE in GATESHEAD, in the NE9 postcode district. The below map shows the position of HEATHERLEA on FERNDALE TERRACE.