MALAHAT, ROCKWOOD HILL ROAD, GREENSIDE, RYTON, NE40 4AS - £178,000

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

MALAHAT is a very small detached house of 78m², built sometime between 1976 and 1982. It was last sold for £178,000 in October 2019, which was around 24% below the average October 2019 detached price in the Gateshead local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was B.

MALAHAT Sold Prices

Land registry data shows two sales for MALAHAT 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 MALAHAT 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
2019 9 OCT	£178,000	£233,229	24% below HPI
2019 14 JUN	£135,000	£238,494	43% below HPI

MALAHAT 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 MALAHAT sales from June 2019 and October 2019 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 June 2019 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the October 2019 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is MALAHAT?

MALAHAT is 78m² according to the EPC inspection conducted in April 2019. This puts it in the smallest 10% of detached houses in Greenside, based on EPC data. The below chart shows the distribution of detached houses by size in Greenside, and where MALAHAT lies on this distribution: 10% of detached houses are smaller than MALAHAT, and 87% of houses are larger. Note that EPC data is not available for all properties in Greenside.

MALAHAT: Plot and Title Map

MALAHAT sits on a plot of roughly 0.145 of an acre, or 586m². The below map shows the location of MALAHAT, 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 MALAHAT). 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 MALAHAT?

MALAHAT is located on ROCKWOOD HILL ROAD in GREENSIDE, in the NE40 postcode district. The below map shows the position of MALAHAT on ROCKWOOD HILL ROAD.